Plans to develop Silverstone racing circuit have hit problems as talks with an investor have broken down.
The British Racing Drivers’ Club (BRDC) signed a £32m deal last year for MEPC to build hotels and warehouses on the Northamptonshire circuit’s estate.
But talks with a second investor to build a welcome centre, kart track and other track-side facilities, have failed, according to a spokesman for Silverstone.
However, BRDC said the British Formula 1 Grand Prix’s future was safe.
The circuit developments, which also include a heritage centre and track-side hotel, form part of BRDC’s 10-year “masterplan” for the site, which could create 8400 jobs.
Last year part of it was realised when BRDC signed a 999-year lease with property firm MEPC to build on Silverstone’s 760-acre estate.
It also wanted to get another investor on board to buy its Silverstone Circuits Limited (SCL) business, which maintains the circuit, and improve the circuit’s track-side offering.
But BRDC chairman John Grant said talks had failed with the unnamed investor.
 Silverstone held its first race back in 1948 and has hosted the British Formula 1 Grand Prix 48 times
“With or without another investor, the futures of both Silverstone and the British Grand Prix are secure,” he said.
He said a £9.1m Heritage Lottery grant also given to Silverstone to build a heritage centre is still secure and is being used to draw-up a site feasibility study.
Â