Silverstone has confirmed it has been allocated 446,068 from the Heritage Lottery Fund as part of a bid for 9.1 million for its 'Silverstone Heritage Live'... read more »

Silverstone has been allocated an initial £446,068 of lottery funding ahead of a bid for £9.1m from the Heritage Lottery Fund (HLF) read more »

Silverstone is set to receive a £9.1m grant from the Heritage Lottery Fund as it seeks to create a Formula One Heritage Centre. read more »

There will be no prize money for the last-placed team in F1 next season, boss Bernie Ecclestone has revealed. read more »

Bernie Ecclestone has said that Caterham and Marussia will no longer receive $10m on an annual basis. The lump sum was paid to the three teams who joined the grid in 2010 but... read more »

Bernie Ecclestone is shaking up F1's $698.5m prize fund as no longer will the 11th team be paid a cent... read more »

The team which finishes 11th in the constructors' championship will no longer receive a share of the prize money under the new agreement. Bernie Ecclestone has revealed... read more »

As the teams claim they are cash-strapped and hard done by, Pitpass reveals that in the past 5 years, in the midst of the global economic crisis, their prize fund has increased... read more »

Mercedes has hit back at reports some of its shareholders want the German marque to pull out of formula one. The Frankfurter Allgemeine Zeitung newspaper has quoted two such... read more »

The possibility of F1 returning to Istanbul for a Grand Prix in 2013 appears to be all but over, after local media reports that the government had voted not to fund it. read more »

Kamui Kobayashi has confirmed what many of his fans had feared. The Japanese driver won't be racing in Formula 1 in 2013 after failing to secure a competitive seat.... read more »

The Texas and local Austin government have released funds from the Major Events Trust Fund (METF) to the organisers of the United States Grand Prix following the success of the... read more »

The HRT F1 Team has come in for further flack following the employee troubles it suffered a fortnight ago. A supplier to the now defunct Spanish outfit has publicly accused the... read more »

The Turkish government will not fund a revived Turkish Grand Prix, the country's sports minister says. read more »

Suat Kiliç, Turkey's Sports Minister, says the government will not fund a future Grand Prix in the country, explaining that the race must be backed by the... read more »

Turkey's hopes of regaining its place on the F1 calendar appear to be in doubt after the countries sports minister said the government will not help fund its return read more »

It is well documented that Vijay Mallya is in dire financial trouble at the moment, with reported debts of $2.5 billion at his Kingfisher Airline alone. An arrest warrant was... read more »

FIA president Jean Todt believes it is only fair to charge the richer teams and drivers more to compete in Formula One. His comments come as the FIA looks to increase its... read more »

Bernie Ecclestone has said that he would be prepared to part-fund an F1 race around the streets of London, but wants the UK government to get onboard as well. read more »

Thailand could be the latest addition to the 2014 calendar after plans to host a race in the capital city of Bangkok took a step forward. The country has been keen to... read more »

Mercedes have reportedly agreed terms with Bernie Ecclestone which will see them sign the new Concorde Agreement for 2013 and beyond. The German marque is currently the only... read more »

Mitch Evans has received a €200,000 prize fund from Pirelli after winning the 2012 GP3 championship read more »

Organisers of the United States Grand Prix, to be held at the Circuit of the Americas in Austin, are certain they followed the correct process in order to take advantage of... read more »

Questions over the US Grand Prix's eligibility to receive state funding from Texas' Major Events Trust Fund (METF) continue to overshadow the build-up to the race in... read more »

The BRDC has confirmed that it is prepared to sell off sections of land at Silverstone unless it can find an investor to fund development plans. read more »