The British Grand Prix is set to inject more than £100m into the local economy, making it a significant contributor to the UK's economy, with a total value of £12bn annually.
The sport's influence in the UK is evident in its near-total grip on elite motor racing, with ten of the 11 teams on the 2026 grid either headquartered in the UK or maintaining operational bases here.
The Motorsport Valley corridor, a globally recognized centre of high-performance engineering, has become a hub for motorsport and engineering services, contributing an estimated £16bn to the wider UK economy and supporting over 50,000 jobs.
Recent developments in the sector include Cadillac establishing its new Formula 1 facility at Silverstone in 2025 and Aston Martin and Mercedes investing in major expansion projects at their UK campuses.
The British Grand Prix is expected to welcome the largest crowd in the sport's history, with some estimates suggesting as many as 560,000 fans could attend the event, a record for the sport.
The event's success arrives amidst concerns over the UK's visa regime, with Formula 1 chiefs criticizing the strict rules and lengthy delays in obtaining visas for personnel.
Formula 1 says it supports thousands of highly skilled jobs and attracts global investment to the UK, with the sport pointing to heavy team investment in apprenticeships, graduate programmes, and STEM outreach.
Stefano Domenicali, president and chief executive of Formula 1, is calling for a competitive business and regulatory environment, a visa system that allows for quick and frictionless entry for the world's best engineers, and support for Britain's lead in sustainable fuel.
Domenicali argues that the UK has an opportunity to adopt sustainable fuel technology and become a leader in innovation, attracting investment and cutting emissions from road cars and transport.
With hopes high of a home win on Sunday, the British Grand Prix is expected to be an exciting event, with Mercedes' George Russell and Lewis Hamilton competing for the drivers' championship.
As Formula 1 celebrates 75 years in the UK, with the circuit holding the British Grand Prix until at least 2034, the sport's president is urging politicians to protect and champion the country's motorsport cluster.
