The current British Grand Prix at Silverstone may be joined on the annual F1 calendar of another race in England, this time at a venue in central London
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Britain appears to host two Formula 1 races a year after the capital’s plans to host a Grand Prix were revealed.
London’s East End is said to host the proposed new F1 venue, with plans in place to develop a new sports and entertainment complex at the Royal Docks.
The UK has hosted a Grand Prix every year since the Formula One World Championship was set up in 1950 – the current venue Silverstone has hosted the most races, while Aintree and Brands Hatch have also been used.
Funding is now being secured for the construction of a new complex in the London borough of Newham, in the Royal Docks area including London City Airport and ExCeL Center, across the river from the O2 Arena.
The Daily Mail reports that the proposed Docklands circuit has the support of Mayor Sadiq Khan and will be created to be held annually as a second race in the UK instead of replacing Silverstone, who is currently guaranteed a place on the F1 calendar until at least 2024.
Under Khan’s vision, it would be the first F1 race that could only be accessed by public transport and would be a CO2-neutral event.
It would be the center of his plan to regenerate parts of the capital’s East End during his second term as mayor, and like many other projects have been delayed due to the pandemic.
The American investment company 777 Partners is part of a consortium together with a British-based sports group, which is working on the plans to build the new urban complex.
The company’s founder Josh Wander said: “We hope it comes. We are hugely excited about it.
“There will be an electric atmosphere as the biggest athletes in the world, along with an international fan base and the world’s biggest companies as sponsors, head down to the harbor for the race weekend.
“More importantly, we want to build a world-class sports and entertainment complex that can serve the community year-round and revitalize the surrounding areas.
“It’s the kind of thing you really can not quantify until it actually happens, but the impact is dramatic.”
777 Partners is no stranger to elite sports – the company owns Serie A football club Genoa and last year invested heavily in the London Lions basketball team, which plays at Copper Box Arena.
The plans have not yet been signed by F1 owners Liberty Media, but the company has previously said it wants to bring more races to “destination cities” like London and has already embarked on creating a custom-built F1 venue for this year’s Saudi Arabia preliminary Grand Prix in Jeddah.
Toto Wolff and Christian Horner, team leaders at Mercedes and Red Bull respectively, have also previously thrown their support behind a potential race in London.
No official time frame has yet been released, but Khan has said he wants to bring a Grand Prix to the capital “as soon as possible”.