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Silverstone's owners are "very positive" about the track's future as a Formula 1 venue following talks with the UK government.
The president of the British Racing Drivers’ Club, Derek Warwick, played down fears the BRDC may activate a break clause in its contract in 2019 because of the costs involved in hosting the British Grand Prix.
Silverstone has staged the race since 1987, but despite healthy crowds at the Northamptonshire track, the BRDC continue to lose money on the event.
"We are talking to the government to see if there is any help there," he said at the Autosport International Show in Birmingham on Friday.
"I feel there is light at the end of the tunnel and I think we will have a grand prix past 2019."
Unlikely many of F1's newer venues, Silverstone receives no government funding to host Formula 1, but Warwick says the the sport’s new owners, the Liberty Media group, and F1 chief executive Bernie Ecclestone are keen to ensure the future of the race in Britain.
"We have had meetings with Liberty and Chase Carey [the Formula One Group chairman]. He understands our dilemma. Even Bernie is calling us and saying: ‘Let's set up a meeting and talk about it,'" he continued.
"We are feeling very positive at the minute."
Photo: ©Getty Images/Ben Hoskins
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