Government rules out GP funding

Sports minister Richard Caborn says the British government will not pay Silverstone any more money to save the British Grand Prix. F1's supremo Bernie Ecclestone has taken the event off Formula 1's 2005 provisional calendar after the BRDC failed to match his asking price for hosting the event

Government rules out GP funding

On Thursday, the BRDC's chief executive Alex Hooton told autosport.com that it hoped Ecclestone's decision to drop the race would be a wake-up call to the government. But on Friday Caborn ruled out the government making up the shortfall.

"Is it right that a cash-rich, asset-rich sport should take money out of (the government's) sport budget?" he told Radio Five Live.

A statement from The Department of Culture, Media and Sport reiterated Caborn's comments: "The government has already made significant financial contribution to motorsport and to Silverstone.

"In 2002, we invested over £16m to support the industry and £8m to improve road access around the track. Clearly the government supports and wants to see a British Grand Prix at Silverstone but the current commercial negotiations about the promotion of the GP are a matter between the British Racing Drivers Club and Formula One."

But the Motor Sports Association chairman John Grant urged the government to help given the repercussions the loss of the race would have on Britain's motorsport industry as a whole.

"It is widely acknowledged that the British Grand Prix makes a significant direct contribution to the UK economy each year and that it is an important flagship for the hugely successful British motor sports industry," he said.

"We seem to have arrived in the situation where a funding shortfall of some £2-3million a year is standing in the way of retaining an iconic event which is vital for our sport.

"It directly contributes some £40m a year to the local economy and the government's tax revenues, and is needed to sustain the prestige of an industry that is responsible for international trade worth in excess of £3bn annually."

shares
comments
Japan Preview Quotes: Williams

Previous article

Japan Preview Quotes: Williams

Next article

Japan Preview Quotes: Renault

Japan Preview Quotes: Renault
Load comments
The forgotten F1 comeback that began Jordan’s odyssey  Plus

The forgotten F1 comeback that began Jordan’s odyssey 

Before Michael Schumacher – or anyone else – had driven the 191 (or 911 as it was initially called), Eddie Jordan turned to a fellow Irishman to test his new Formula 1 car. JOHN WATSON, a grand prix winner for Penske and McLaren, recalls his role in the birth of a legend…

The squandered potential of a 70s F1 underdog Plus

The squandered potential of a 70s F1 underdog

A podium finisher in its first outing but then never again, the BRM P201 was a classic case of an opportunity squandered by disorganisation and complacency, says STUART CODLING

Formula 1
Sep 18, 2021
The other notable Monza escape that F1 should learn from Plus

The other notable Monza escape that F1 should learn from

OPINION: The headlines were dominated by the Italian Grand Prix crash between Max Verstappen and Lewis Hamilton, who had the halo to thank for avoiding potentially serious injury. But two days earlier, Formula 1 had a lucky escape with a Monza pitlane incident that could also have had grave consequences

Formula 1
Sep 17, 2021
How Monza only added more questions to F1's sprint race conundrum Plus

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Formula 1
Sep 16, 2021
Who should Alfa Romeo sign for 2022's F1 season? Plus

Who should Alfa Romeo sign for 2022's F1 season?

OPINION: With Valtteri Bottas already signed up for 2022, all eyes are on the race for the second seat at Alfa Romeo next year. Antonio Giovinazzi is the current incumbent, but faces a tough competition from appealing short and long-term prospects

Formula 1
Sep 15, 2021
The "forced break" that was key to Ricciardo's Monza excellence Plus

The "forced break" that was key to Ricciardo's Monza excellence

OPINION: Daniel Ricciardo has long been considered one of Formula 1’s elite drivers. But his struggles at McLaren since switching from Renault for 2021 have been painful to watch at times. Yet he’s recovered to banish those memories with a famous Monza win – built on a critically important foundation

Formula 1
Sep 14, 2021
How Verstappen is ruining his F1 title battle with Hamilton Plus

How Verstappen is ruining his F1 title battle with Hamilton

OPINION: The Italian GP clash between Lewis Hamilton and Max Verstappen followed a running theme in the 2021 Formula 1 title fight. Their close-quarters battles have often resulted in contact - and although Hamilton has shown a willingness to back off, Verstappen must learn to temper his aggression

Formula 1
Sep 14, 2021
Italian Grand Prix Driver Ratings Plus

Italian Grand Prix Driver Ratings

Two drivers produced maximum-score performances as, for the second year in a row, Monza threw up an unpredictable result that left several others ruing what might have been

Formula 1
Sep 13, 2021