The Belgian Grand Prix will remain at Spa-Francorchamps until at least 2021 after the confirmation of a new contract with Formula 1.
Spa-Francorchamps is one of the most iconic circuits on the calendar, having first hosted a grand prix in 1950 and still providing an undulating, high-speed challenge featuring iconic corners such as Eau Rouge, Radillon and Pouhon. With F1 insisting that “as the sport continues to expand globally, heritage circuits such as Spa will continue to form a key component of Formula 1’s core values and memories, alongside newer destinations on the calendar,” it has reached an agreement for a further three years of racing in Belgium.
“We are really pleased to have reached this agreement, which means that the Formula 1 Belgian Grand Prix will stay on the calendar for a further three years,” Chloe Targett-Adams, director of promoters and business relations at Formula 1, said. “Formula 1 was born in Europe and the future of this sport needs to maintain its solid roots, while expanding globally and Spa-Francorchamps is part of that fantastic history.
“We are particularly pleased that the new agreement is an improvement on the previous one, for Formula 1 and for our partner Spa Grand Prix, so that fans attending this race will enjoy a truly unforgettable experience.”
Pierre Yves-Jeholet, the Walloon minister for the economy, says the new deal has added importance given the new terms agreed with F1, with Liberty Media having previously stated it wants to give promoters increased value for money.
“This is a good deal which makes sure that such an important event stays in our region, thus placing us on a global visibility platform,” Yves-Jeholet said. “The regional and national economic benefit is significant: In 2017 we had a return on investment of 315% and ticket sales increased by 7.5%. It is also a significant first for us as we have now concluded a successful and rewarding negotiation with Formula 1.”
The Belgian Grand Prix has been boosted by the success of Max Verstappen in recent seasons, with huge numbers of Dutch fans flocking to Spa-Francorchamps in the absence of a home race.