The Silverstone Circuit, home of the British Grand Prix, has been granted planning permission to proceed with its major redevelopment plans.
Both Aylesbury Vale District Council and South Northamptonshire Council gave the venue’s 20-year Masterplan the green light following a lenghtly consultation period.
The development is expected to create around 8,400 permanent jobs, 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.
Managing director of Silverstone Holdings Ltd, Richard Phillips, believes the redevelopment, which includes hotels, a business park, welcome centre and museum, will enable the circuit to ensure remains a world class facility.
“We are delighted with the outcome and approval of this planning application – this is the most important initiative that Silverstone has taken in its 60 year history as the Home of British Motor Racing.
“This planning will help maintain Silverstone’s position as a leading global centre for sport, leisure, education and technology and retain its position as a world-leading motor sport destination. I
“would also like to take this opportunity to thank both Aylesbury Vale and South Northamptonshire Councils, for the way in which the two planning authorities have worked together on this application.”
The masterplan includes plans to construct;
– Business park (maximum 122,519 sqm; use classes B1, B2 and B8).
– Technology park (maximum 62,662 sqm, use classes B1, B2 and B8).
– Education campus (maximum 34,658 sqm; use classes D1 and C2).
– Three hotels (maximum 39,847 sqm; use class C1)
– Ancillary retail and spectator facilities, including ‘Welcome Centre’ and ‘Museum of Motor sport’ (maximum 61,964 sqm; use class D2), with promotional and experiential automotive display space.
– Improved leisure and event spaces, including a kart track and outdoor stage (maximum 65,075 sqm; use class D2)
– Other ancillary development, including landscape works, grandstands, hardstanding and support paddock, bridge and tunnel to improve pedestrian flows, a new point of access, supporting infrastructure and demolition.
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