The BRDC has today confirmed the plans that were recently sent for approval to the Northamptonshire council are all running to schedule. The hope is for a major renovation of the pit and paddock complex, bringing the old circuit up to the standards set by newer tracks in Shanghai, Bahrain and Turkey. BRDC president Damon Hill spoke of the expected completion date of 2010, and negotiations for the future of the circuit as the host of the British Grand Prix are ongoing.

I am delighted to report that we are close to finalising our plans to build new pits in time for the 2010 British Grand Prix, thus satisfying FOM’s pre-requisites to granting us a new F1 GP contract.

I am personally both impressed and proud of the commitment shown by the BRDC and by all our team members engaged in this project.

The negotiations with FOM are ongoing and reasonable terms on a new contract [for future grands prix] will help us to fulfil our ambitions. Damon Hill.