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Silverstone agrees £32m development

The owner of Silverstone racing circuit has signed a £32m deal for facilities to be built on its site. The British Racing Drivers' Club (BRDC) has sold a 999-year lease to MEPC, which will build warehouses and hotels alongside the circuit. A new technical college will also be built under the plans. BRDC said a 'suitable partner' had also been found to directly invest in the circuit and its facilities, with details being announced before October. The developments form part of BRDC's 'masterplan' for the site, which it says could create 8,400 permanent jobs. 'World-class centre' BRDC said the deal would also allow it to pay off its loans from Lloyds and Northamptonshire County Council for...
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10y ago from BBC.co.uk 0
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