The future of the race beyond 2019 is uncertain with Silverstone, the current host, set to activate a break clause in their contract ahead of next weekend’s race due to spiralling costs.
The British GP is one of the few grands prix which does not benefit from state support, and a five per cent escalator built into the 17-year deal signed in late 2009 means this season’s race will cost just over £17m
Philip Walker, a director of Silverstone’s owners, the British Racing Drivers’ Club (BRDC), told the Mail on Sunday last weekend that it was “highly probable” that the break clause would be activated.
However, the race could remain if Silverstone are able to negotiate a new contract with F1’s owners Liberty Media, and Stewart has called for the government to provide support to ensure a deal is possible.
“The British GP has to survive for Formula 1 grand prix racing,” Stewart, a former president of the BRDC, said during The Grand Prix Show on talkSPORT 2.