The future of the Belgian Formula 1 Grand Prix is secure until at least 2018, it would seem, after event organisers were given permission by government officials to negotiate an extension on the event’s contract until 2018.

This year’s Grand Prix at Spa-Francorchamps – won by Daniel Ricciardo after a second-lap collision between Mercedes teammates Lewis Hamilton and Nico Rosberg – ran at a €7 million loss, however Walloon Economy Minister Jean-Claude Marcourt believes that the cash injection the event provides to the regional economy more than justifies the event continuing.

The Belgian Grand Prix’s current contract expires at the end of the 2015 season.

“There will be a Grand Prix in 2015, 2016, 2017 and 2018,” Marcourt told a sitting of the Walloon regional parliament, adding that the FIA had not requested any investments to the circuit.

Image via Sutton Images

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Geoff Burke

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