OFFICIALS FROM Silverstone circuit are to seek outside investment to try and win back the British F1 Grand Prix.
It's the first time in 38 years that the circuit, which will be replaced as the host of the British GP by Donington next year, has sought external funding.
Committee members also voted to allow external investment to improve infrastructure, related technologies and training, reports BBC News.
"This is a significant result," said BRDC president Damon Hill.
"The EGM (Extraordinary General Meeting) was not about selling Silverstone. The members were voting on whether or not the board should be authorised to approach and negotiate deals with potential investors on behalf of the club.
"It is purely commercial. Silverstone is an international sports arena, and we are continuing with plans to develop it in keeping with the very highest standards. The primary function of Silverstone will always be racing, hopefully with a Formula 1 British Grand Prix."
The circuit is due to host next year's British MotoGP on June 6.
