Silverstone managing director Richard Phillips told the Press Association : `` We 've always had five-year deals and never been able to get the investment we needed to redevelop . ` Formula One will continue in Britain after talks between Silverstone and sport 's chief Bernie Ecclestone . Announcement by the track 's owners means the oldest race on the British calendar keeps its title . Donington was to host British Grand Prix from 2010 but failed to secure $ 200 million for redevelopment .
Formula One will continue in Britain after talks between Silverstone and sport 's chief Bernie Ecclestone . Announcement by the track 's owners means the oldest race on the British calendar keeps its title . Donington was to host British Grand Prix from 2010 but failed to secure $ 200 million for redevelopment .