For Immediate Release 4th March 2008 Vision for the Future of Silverstone Unveiled The British Racing Drivers‟ Club (BRDC) have today released the first computer generated images of the proposals to redevelop the Pit and Paddock complex at Silverstone. The complex is the vital first stage in reconfirming Silverstone‟s position at the pinnacle of the motorsport industry and as the home of motor racing. Under current proposals the Pit and Paddock complex would be moved from its current location between Woodcote and Copse to a new location between Club and Abbey. Included in the complex are new garages, a race control building, media centre, hospitality and VIP spectator zones and a primary paddock. The proposals also involve creating a new pit straight, with reorganised entry and exit points, a reconfiguration of Club Corner and a new Abbey section. Designed by award winning sport architects HOK, the new complex will ensure that teams and sponsors are provided with world-class facilities to reinstate Silverstone‟s position as a premier racing destination. This pioneering development will act as a catalyst for further investment across the site and set a high architectural standard for any future developments. It also provides the first stage in making Silverstone more sustainable, with facilities provided in the new building to enable it to plug into a combined heat and power system that is currently being considered for the whole site. The Pit and Paddock complex is the first proposal in a 10-year programme that will see a new manufacturer test centre, business park, extreme sport and leisure complex, two hotels, a new university campus, a „Welcome Centre‟ and some new homes near the circuit. Taken together, the redevelopment will deliver a world-class venue for motorsport, education and high technology development that will ensure the UK remains at the forefront of the motorsport industry and maintains its position as a major regional and national employer. Damon Hill, President of the BRDC said: “Silverstone is a great track with a great history. These images are the vision of the future for Silverstone, and one we fervently hope will be realised, in order to provide a venue where all forms of motor sport can be celebrated in style, for the benefit of the competitor and spectator alike. This new facility, and the redevelopment at large, will help attract more business to Northamptonshire and create more jobs for local communities. The British Grand Prix alone contributes over £30 million a year to the local area and it is vital that we do everything we can to maintain this income as well as the UK‟s world class expertise in high tech engineering and R&D. Also, it should go without saying by now, that in order to retain the British Grand Prix we need a venue of this kind of stature, and the Grand Prix is a key element in the whole project.” Richard Phillips, Managing Director of Silverstone Circuits Limited said: “The Pit and Paddock is the first stage in delivering a new mix of facilities at the track that will bring it into the 21st Century. Our intention is to transform Silverstone into a world leading centre for education, business, leisure and technology. This will ensure Silverstone becomes a showcase for British motorsport, rivalling other great sporting venues like Wembley, Wimbledon and Twickenham. “It is vital that we continue to diversify as a business to make sure that the UK remains at the forefront of the motorsport industry. As the iconic building on the circuit, the new Pit and Paddock complex will confirm our status as a global leader and will be something that everyone in the UK can be proud of.” The release of the images follows a decision by the South Northamptonshire‟s Economic and Environmental Review and Development Committee to refer the Joint Silverstone Development Brief to a full Council meeting in March. The Development Brief sets out the “Vision for the Circuit” and the principles of sustainable development, which will maximise the social and economic benefits for the local and regional area. It also sets out the land use and infrastructure requirements against which any future planning application has to be assessed. The brief has already been approved by the Council‟s Cabinet on the 4th February. Spencer Canning, Development Director at Silverstone said: “Taking the development brief to the full council shows how serious Aylesbury Vale District Council and South Northamptonshire Council are about the redevelopment of Silverstone. We are pleased the councils are taking due care over a project that is so vital to the future of high technology jobs and motorsport in both the local region and the UK as a whole. “The new Pit and Paddock complex proposals, combined with the adoption of the development brief, will hopefully enable us to accelerate the plans for Silverstone. CB Richard Ellis (CBRE) has been charged with raising funds through the sale of the enabling development sites, which the BRDC currently has approval for, so we can begin with sales almost immediately. This demonstrates the serious intent of the BRDC to maintain Silverstone as a world class venue and, from a development perspective, will open up the opportunity to deliver other elements of the mixed-use masterplan.” A planning submission for the new Pit and Paddock facility is expected to be made in early March 2008. For rights free images please click on the following link: http://www.sportssystems.com/hosting/display.cfm?key=100785 - Ends - For further information please contact: Silverstone Estates Limited Spencer Canning: 01635 552 210 Silverstone Circuits Limited Dan Leach, Jardine International: 020 8607 3900 FD Tamesis George Farquhar: 020 7269 7213 / 07809 496 454 Sebastian Hanley: 020 7269 7357 Note to Editors The British Racing Drivers' Club (BRDC) is a membership body founded in 1928 which maintains high qualification standards achieved through personal International motor racing success and which represents the interests of such racing drivers from the United Kingdom and the British Commonwealth. Having organised International motor races for many years, and having taken over the lease of Silverstone from the Royal Automobile Club in 1952 the Club purchased the site's freehold from the Ministry of Defence in 1971. The Club through its wholly-owned subsidiary company, Silverstone Circuits Limited (formed in 1966 to develop the commercial aspects of the property), has set in motion a major development of the site with the aim of producing one of the foremost motor racing facilities in the world. Silverstone Circuits Limited is the operator and promoter of Silverstone circuit and a member of the BRDC Group of Companies. Silverstone is the host of the 2008 Formula 1™ Santander British Grand Prix and stages some of the largest international and domestic motorsport series in the world including the Silverstone Classic and World Superbikes. Silverstone offers a variety of event and corporate facilities, including driving experiences, track days, hospitality opportunities and the Silverstone Motorsport Academy – the UK‟s leading tuition and driver coaching centre. Silverstone was the venue for the first ever Formula One World Championship Grand Prix in 1950, has been the only circuit to stage the British Grand Prix since 1986 and remains one of the world‟s most recognisable racing venues.