Donington promises £100 million investment
The owners of Donington Park declared that they will fund a five-year £100 million investment programme into the circuit as part of its new 10-year deal to host the British Grand Prix. In a statement by Donington Park, the track said that funding for the redevelopment would be led by a private investor who is also a shareholder in the company.
Simon Gillett and Lee Gill, Donington Park's owners and CEO's, said: "We are naturally delighted and extremely proud to have acquired the rights to bring Formula One back to Donington Park from 2010.
"At the beginning of last year when we acquired the circuit and its substantial lands, we made clear our commitment towards realising the full potential of the Park by making the necessary investments in current and future events that will see Donington revitalised, ensuring its leading position as one of the most iconic racing circuits in the world.
"To that end, we have now entered a new and exciting chapter in the development of the Park and one that will bring significant investment and regional development while securing the future of one of the most important and significant sporting events in Britain."
