Silverstone Circuit is a British motor racing circuit next to the Northamptonshire villages of Silverstone and Whittlebury. The circuit straddles the Northamptonshire and Buckinghamshire border, with the current main circuit entry on the Buckinghamshire side. The Northamptonshire towns of Towcester (5 miles) and Brackley (7 miles) and Buckinghamshire town of Buckingham (6 miles) are close by, and the nearest large towns are Northampton and Milton Keynes.
Silverstone is the current home of the British Grand Prix, which it first hosted in 1948. The 1950 British Grand Prix at Silverstone was the first race in the newly created Formula One World Championship. The race rotated between Silverstone, Aintree and Brands Hatch from 1955 to 1986, but relocated permanently to Silverstone in 1987.
On 30 September 2004 British Racing Drivers’ Club president Jackie Stewart announced that the British Grand Prix would not be included on the 2005 provisional race calendar, and if it were, would probably not occur at Silverstone. However on 9 December an agreement was reached with Formula One rights holder Bernie Ecclestone ensuring that the track would host the British Grand Prix until 2009 after which Donington Park would become the new host of the British Grand Prix. However, the Donington Park leaseholders suffered economic problems resulting in the BRDC signing a 17 year deal with Ecclestone to hold the British Grand Prix at Silverstone.