Silverstone has signed a 17-year deal to host the British Grand Prix.
The deal follows the collapse of Donington Park's mooted 17-year deal to host the race, which was set to begin next season until the circuit's financial backers withdrew.
"The title of Silverstone as 'home of motorsport' has come true," said BRDC president Damon Hill. "It is a place for all motorsport. Everyone in the BRDC loves motorsport and we are looking forward to the MotoGP as well as the British Grand Prix.
"It is not easy to enter into a contract of this magnitude and you have to take on a lot of responsibility, but the BRDC wanted this relationship to continue.
"Everyone was well aware that the British GP is not just a sporting event, but it is dynamo of the industry in this country. Losing it would have been damaging and perhaps there would have been no coming back."