"The announcement by the FIA in Paris today that the 2005 British Grand Prix has been granted a provisional date on 3 July is progress," said the BRDC.

"We have received a draft promoters contract from FOM, but, as yet, no deal has been concluded. We are in discussions with FOM and any resulting contract will need to be finalised by the end of the month so that the organisation of the 2005 British Grand Prix is not commercially compromised.

"We are pleased with progress so far and will continue negotiations that we hope will conclude with a financially viable British Grand Prix which in turn will help create a platform for sustainable development of Silverstone."

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BRDC gives cautious welcome to FIA announcement

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