Silverstone circuit signed a new five-year deal with Liberty Media to host the British Grand Prix until 2024, just days before Lewis Hamilton won the 2019 edition of the race.
Liberty Media is an American mass media company which purchased the Formula One Group for £3.4bn in 2017.
Hamilton won the 2019 race ahead of Valtteri Bottas, on a day when England also won the ICC Cricket World Cup final.
Recent interest from Liberty Media over holding a race in London had raised doubt over the likelihood of Silverstone signing a new deal.
London Mayor Sadiq Khan had previously stated a London race “should be possible to organise”, but Silverstone confirmed the contract win in a press conference with F1 CEO Chase Carey on 10 July.
Carey commented: “We are really pleased to confirm that the British Grand Prix will stay on the FIA Formula 1 world championship calendar for at least the next five years, with the event remaining at its longstanding home, Silverstone circuit.
“We have always said that, if it is to have a long-term future, our sport must preserve its historic venues and Silverstone and Great Britain represent the cradle of this sport, its starting point back in 1950.
“Today, Formula 1 is a global sport, held on five continents, watched by an audience of over 500 million fans around the world and our aim is to grow this number by bringing the sport we love to new countries, while also maintaining its roots: Silverstone and the British Grand Prix are an integral part of that vision.”