Britain looks set to host two Formula 1 races per year after plans for the capital to host a Grand Prix were revealed.

London’s East End is said to host the proposed new F1 venue, with plans in place to develop a new sports and entertainment complex at the Royal Docks.

Britain has hosted a Grand Prix in every year since the Formula 1 World Championship was created in 1950 – the current venue Silverstone has hosted the most races, while Aintree and Brands Hatch have also been used.

Now, funding is said to have been secured to build a new complex in the London borough of Newham, in the Royal Docks area including London City Airport and the ExCeL Centre, across the river from the O2 Arena.

f1 'heading to london' with plans to build circuit at royal docks at an 'advanced stage'
© The Wharf London’s Royal Docks is set to become a venue for an F1 Grand Prix

The Daily Mail reports the proposed Docklands circuit has support from mayor Sadiq Khan and would be created to be hosted annually as a second race in the UK rather than replacing Silverstone, which is currently guaranteed a place on the F1 calendar until at least 2024.

Under Khan’s vision, it would be the first F1 race which could only be accessed by public transport and would be a carbon neutral event.

It would be the centrepiece of his plan to regenerate parts of the capital’s East End during his second term as mayor, and like many projects has been delayed due to the pandemic.

American investment firm 777 Partners is part of a consortium alongside a UK-based sports group which his working on the plans to build the new city complex.

The company’s founder Josh Wander said: “We are hopeful that it is coming. We are hugely excited about it.

“There will be an electric atmosphere as the greatest athletes in the world, along with an international fanbase and the world’s largest companies as sponsors, descend on the Docks for race weekend.

“More importantly, we will build a world-class sports and entertainment complex that can serve the community year-round and revitalise the surrounding areas.

“It is the type of thing you really can’t quantify until it actually happens, but the impact is dramatic.”

f1 'heading to london' with plans to build circuit at royal docks at an 'advanced stage'
© PA London mayor Sadiq Khan is said to have made the creation of an F1 Grand Prix in the capital a priority

777 Partners is no stranger to elite sport – the firm owns Serie A football club Genoa and last year invested heavily in the London Lions basketball team, which plays at the Copper Box Arena.

The plans have not yet been signed off by F1’s owners Liberty Media, but the firm has said in the past it wants to bring more races to “destination cities” like London and has already gone about creating a purpose-build F1 venue for this year’s inaugural Saudi Arabian Grand Prix in Jeddah.

Toto Wolff and Christian Horner, team principals at Mercedes and Red Bull respectively, have also thrown their support behind a potential race in London in the past.

No official timeframe has yet been released, but Khan has said he wants to bring a Grand Prix to the capital “as soon as possible”.

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