Sky To Split With British Cycling EPL Reveals '14-15 Revenue Distribution Diageo Sells Gleneagles To Ennismore Scudamore: FIFA Needs Businessperson Study: Wimbledon Top Social Media Slam Silverstone Expects Record-Breaking Crowd Heineken Kicks Off RWC Sponsorship Wimbledon Players Fearing For Safety Wimbledon To Stay Loyal To BBC Chelsea Unveils Stamford Bridge Plans
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/May 10, 2013/Facilities
Silverstone To Receive $14M Of Lottery To Help Build New Formula 1 Heritage Center
Published May 10, 2013
The Heritage Lottery Fund announced Silverstone, the regular home of the British Grand Prix, is to get £9.1M ($14M) of lottery money "to help create a Formula 1 heritage centre," according to Mark Brown of the London GUARDIAN. The scheme at the Northamptonshire track "is one of six major projects to be given first round support" worth a total of £68M ($104M). The full money "will only be given once more detailed applications are made and are accepted and the HLF has agreed development funding for all six to do that." The money for Silverstone represents nearly half the estimated £20M ($30M) "that the project is likely to cost." The plans include creating exhibition space, a 200-seat cinema, "which will give people the feeling of being behind the wheel at Silverstone," and a new building for the archive of the British Racing Drivers' Club, to which the public will have access. The scheme "is backed my many motorsport luminaries including Sir Jackie Stewart," who won the British grand prix there in '69 and '71. He welcomed what is a first step in ensuring "the heritage of the site and that of British motorsport can reach a far wider audience than before and cements its importance for future generations " (GUARDIAN, 5/8).