Multi-million pound plans have been unveiled to develop land around the Silverstone racing circuit.
Silverstone Park is set to become the epicenter of the multi-billion pound motorsport industry, thanks to the new scheme which will create new businesses, hotels and education facilities.
It comes ahead of an historic weekend, which sees the Northamptonshire circuit host its 50th British Grand Prix. Sarah Beecroft reports.
The world's first fully-electric race series, The FIA Formula E Championship, will start its official pre-season tests today at Donington Park.
The testing offers the Formula E teams the chance to see the fully-electric race cars in action.
The remaining tests at the Leicestershire circuit will take place on July 4th, 9th and 10th with the final session on August 19th. The season starts in Beijing on 13th September.
It has previously been announced that two teams fronted by Hollywood A-lister Leonardo Di Caprio and Virgin boss Richard Branson respectively - will use the circuit for their testing and development work.
The new Formula E series will be broadcast live on ITV4.
Donnington Park in Leicestershire played host to the second round of British Touring cars this weekend.
Race one was dominated by Birmingham based MG, with cars driven by Jason Plato and Sam Tordoff claiming a one two finish.
Reigning champion Andrew Jordan who is from Lichfield came third in his Honda Civic.
British Touring Car Chamionship veteran Jason Plato led from pole to the final flag in the first race at a drying Donington Park, with MG KX team-mate Sam Tordoff hot on his tail, and 2013 champion Andrew Jordan from Lichfield in a solid third place.
Race day of the second round of the British Touring Car Championships gets underway later today at Donington Park.
Jason Plato secured pole position in qualifying yesterday with current champion Andy Jordan from Lichfield starting from seventh.
Other local racer, Matt Neal from Stourbridge, starts from ninth.
Watch the race live on ITV4 at 10.30am.
Jason Plato secures pole at the second round of the British Touring Car Championships at Donington Park today.
Andy Jordan from Lichfield will start from 7th place and Matt Neal from Stourbridge starts from 9th in the race tomorrow.
Practise runs are well underway at the British Touring Car Championships at Donington Park.
Defending champion Andrew Jordan from Lichfield, and Matt Neal from Stourbridge have both been in the top three fastest this morning.
Coventry's Cal Crutchlow will start the opening MotoGP race of the 2014 season eighth on the grid.
The 28-year-old clocked a qualifying time of 1min 54.888secs on his Ducati motorcycle for this evening's Grand Prix race in Qatar.