The owner of Donington Park, home to the British Grand Prix has dismissed reports that financial problems would prevent completion of improvements to the site in time to hold the event. It had been suggested that due to the current economic climate that it would be a struggle to find the money for the project.
Planning permission was granted last month and a £100m revamp of the circuit started last week.
There will be a new pit complex and extension to the track together with a total revamp of the circuit. The new facility will feature a race control centre and a media centre with the pits fitted out to the latest specifications. The track will also be lengthened to three miles (4.8km).
A statement form Mr Gillett owner of Donington Park said "Work is continuing on site and all of the staff are completely focused on delivering a full and exciting calendar of events in 2009 ahead of our hosting the British Formula One Grand Prix in July 2010.