The Northamptonshire circuit will continue to stage the British Grand Prix until 2020, after an agreement between MotoGP rights holders Dorna and the planned course Circuit of Wales was terminated when the unbuilt circuit failed to secure the necessary funding.
Silverstone also hosts the country’s Formula One Grand Prix, although the future of the race after 2019 is yet to be decided after the track activated a break clause in its contract in July.
“A lot of time and money has been invested in recent years to ensure MotoGP fans, teams and riders enjoy what Silverstone has to offer and we are delighted to have secured the contract to 2020,” said Silverstone managing director Stuart Pringle.
“Two-wheel racing is as much a part of Silverstone’s heritage as four-wheel racing and we are looking forward to welcoming the Championship and its fans back to Silverstone next August.”
“Silverstone is an iconic British circuit, so naturally we are pleased to be able to continue racing at this track,” added Carmelo Ezpeleta, chief executive of Dorna. “The United Kingdom is an important market for Dorna and has to remain on the MotoGP calendar, especially with the introduction of the British Talent Cup next year.
"We look forward to giving fans more action over the British Grand Prix weekend and I'm sure fans will be as happy as we are that Silverstone remains on the calendar for the next three years."