Published Date:
02 November 2009
BERNIE Ecclestone has been urged to ensure the future of the British Grand Prix at Silverstone. But taxpayers' money will not be used to broker a deal despite the motor racing industry being worth £4billion to the economy.
Peter Mandelson, Secretary of State for Business, insisted the government would not be providing the £12m needed for the race to be held at Silverstone next year, after Donington missed a deadline to prove it could raise the £100m it needed to stage the race.
However, he recognised the role Formula One made to the UK including 25,000 engineering jobs, saying:
"All I would say is come on you guys, get your act together, get your negotiations done and make the British Grand Prix safe."
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Last Updated:
01 November 2009 11:32 PM
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Source:
The Scotsman
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Location:
Edinburgh
