The British Grand Prix may yet be staged on a revamped Silverstone this year.

The Arena Circuit, which incorporates a new infield section that starts after Abbey and rejoins at Priory, had initially been planned for the arrival of Moto GP this season.

But with Silverstone signing a new 17-year contract to host Formula One last month, there is now the real possibility of the new layout being used to stage the GP from July 9 to 11.

Silverstone managing director Richard Phillips explained: "It's yet to be decided.

"We need approval from three sides. So far two have said yes and one (Bernie Ecclestone) says maybe, so we'll work on that.

"Allsport (F1's corporate hospitality company) has said yes, and while the FIA need to homologate the new track, they are happy with the plan in principle."

Phillips, however, is confident Ecclestone will eventually agree.

Speaking to Autosport, he added: "Bernie needs us to send him the plans for the changes and a report of the progress so far before he can agree, but I think it should be all right (for this year.)"