But Ecclestone says there is no deal to host the British GP beyond 2004.

BBC: SPORT | Motorsport | Formula One | New threat hits British GP

Former F1 world champion Damon Hill, president of the BRDC, said on Tuesday that he feared the future of the British GP is far from certain because of competition from around the world - such as countries like Korea.

BBC: F1 boss urges Silverstone to sign

The British GP has been held every year since 1948 and has a rich history, while recently English drivers Lewis Hamilton and Jenson Button have won 2008 and 2009 world titles respectively with Brackley-based Brawn also clinching this year's constructors' crown.

BBC: F1 boss urges Silverstone to sign