The British Grand Prix will stay on the Formula 1 calendar till at the least 2034 after Silverstone secured a 10-year extension to its present deal.

The new deal secures the long-term way forward for the occasion on the 3.6-mile Northamptonshire circuit, which hosted the first-ever spherical of the Formula 1 World Championship in 1950.

A document 480,000 followers attended the occasion throughout the weekend final yr.

Silverstone’s present deal was because of expire on the finish of the 2024 F1 season, making it the final remaining race on the schedule but to safe a long-term deal.

While the British GP is a cornerstone of the calendar, F1 bosses had launched a collection of recent races on road circuits in recent times, together with Miami and Las Vegas. Meanwhile, the Spanish GP will swap from Barcelona to a brand new road circuit round a conference centre on the outskirts of Madrid.

Peter Digby, chairman of the British Racing Drivers’ Club, which owns Silverstone, mentioned the extension “will provide a solid base for the further development of the venue as we continue to improve and transform the circuit into a year-round international motorsport and leisure destination”.

F1 boss Stefano Domenicali added that he was “delighted” with the deal, calling Silverstone “an iconic venue at the heart of F1 history”.

F1 chiefs have labored lately to safe long-term offers with many established occasions.

The Japanese GP lately secured an extension to run at Suzuka till 2029 and the Austrian, Canadian, Hungarian and Australian GPs have all secured offers operating to 2030 or past.

The races in Saudi Arabia, Qatar and Bahrain all have offers of comparable lengths.

The F1 calendar has been expanded in recent times to accommodate the brand new races, and this yr will function a document 24 occasions.

This yr’s British GP is about to happen on 7 July.