The British Grand Prix is a race in the calendar of the FIA Formula One World Championship. Up until the 2009 season Silverstone Circuit hosts the British Grand Prix. It was announced on 4th July 2008 that Donington Park has been awarded the contract to host the British Grand Prix for 10 years from 2010. The British and Italian Grands Prix are the oldest continuously staged Formula One world championship Grands Prix.

Grand Prix motor racing was first established in Britain by Henry Segrave at the Brooklands course in 1926 after his winning of the French Grand Prix in 1923 and the following year at the Spanish Grand Prix which raised interest in the sport. The first ever British Grand Prix was won by the French team of Louis Wagner and Robert Sénéchal driving a Delage 155B.

Silverstone has hosted the race regularly since the start of the F1 championship in 1950 (in which it was the first race of the first ever official World Championship) and every year since 1987; it alternated with Brands Hatch between 1964 and 1986, and with Aintree (better known as a horse-racing course) between 1955 and 1962.

Before it was heavily modified in 1991, Silverstone was one of the fastest tracks on the Formula 1 calendar. The drivers loved the challenge of the sweeping and extremely demanding Copse, Stowe and Club corners. 1982 World Champion Keke Rosberg held the all-time Formula 1 qualifying lap record for 16 years after posting fastest time for the 1985 British Grand prix with an average speed of 258.983km/h(160.92mph).

In recent times Silverstone has produced some fine race wins by British drivers, such as John Watson (1981), Nigel Mansell (1987, 1991, 1992), Damon Hill (1994), David Coulthard (1999, 2000) and Lewis Hamilton (2008).

A dispute between Silverstone's owners, the British Racing Drivers' Club (BRDC), and the Formula One authorities in 2003 over the funding of necessary improvements to the track's facilities led to doubts over the future of the race.

In October 2004 the British Grand Prix was left off the preliminary race schedule for 2005 because the BRDC refused to pay the race fee demanded by Bernie Ecclestone. However, after months of negotiation between the BRDC, Ecclestone and the Formula One constructors, a deal was made for the Grand Prix to be held at Silverstone until 2009.

Despite the controversy and political bickering that has surrounded the future of the race in recent years, the British Grand Prix at Silverstone remains one of the world's premier motor racing events.