Former Formula 1 motor racing world champion Sir Jackie Stewart - a friend of Mr Goodwin - said he thought the former bank boss had been made a scapegoat.

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Former motor racing champion Sir Jackie Stewart welcomed the financial backing for the proposals at Silverstone, where he won the British Grand Prix in 1969 and 1971.

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Former world champion Sir Jackie Stewart told BBC Sport that he believes the F1 heritage and know-how Britain possesses means it is important the race is not lost.

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