THE next step in securing the future of Silverstone Circuit has been taken with the submission of a comprehensive outline planning application to Aylesbury Vale District Council and South Northants District Council.
The application conforms with the Silverstone Development Brief, issued February 2009, and comprises of: Business park; technology park; education campus; three hotels; ancillary retail and spectator facilities, including ‘Welcome Centre’ and ‘Museum of Motor sport.’; Improved leisure and event spaces, including a kart track and outdoor stage.
Other ancillary development includes landscape works, grandstands, hardstanding and support paddock, bridge and tunnel to improve pedestrian flows and a new point of access and supporting infrastructure .
Development of the masterplan for Silverstone Circuit will help demonstrate the potential of this iconic international centre of the motor sport industry.
The development will create around 8,400 permanent jobs in the firms and activities attracted to the site, plus an average of around 550 construction jobs per annum throughout the development phase.
At least 4,800 of these jobs are likely to be entirely new to the area.
Richard Phillips, managing director of Silverstone Holdings Ltd, said: “This is the most important initiative that Silverstone has taken in its 60 year history.
“Things have changed dramatically since the early days.”
Approval of this planning application will help maintain Silverstone’s position as a leading global centre for sport, leisure, education and technology and support its vision of becoming a World leading motor sport destination.”