Jaguar Land Rover has reportedly made a bid for the home of British Motorsport, Silverstone, thought to be valued at almost £23 million.
The West Midlands car giant is in negotiations to secure the site with major plans on the horizon, including a five-star hotel, a Jaguar Land Rover heritage centre & motor industry museum.
“They are interested in it for testing cars and the Motorsport side.”
Recent comments made by Silverstone’s managing director a few months ago suggested that the racing circuit was at risk without major investment on the race track. The news that Jaguar Land Rover are in a position to take over the site has been welcomed by automotive sector experts, claiming JLR could attract enthusiasts from around the world.
A spokesman for Jaguar Land Rover said: “Jaguar Land Rover continually looks to invest and grow its business operations in the UK. We constantly evaluate a wide range of opportunities which are confidential.