Planning permission to redevelop the Donington Park race track has been approved, which will help pave the way for the track to be used for the future British Formula One Grand Prix.
Plans to improve the race track and buildings on the course for 2010 were backed by North West Leicestershire District Council's planning committee on Thursday night.
Committee chairman David Stevenson said the decision will bring huge economic benefits to the area.
The Leicestershire circuit will take over from Silverstone as venue for one of the highlights in the British sports calendar. The track is already the venue for the British Motorcycle Grand Prix.
Mr Stevenson said that the plans would not disturb or affect the site's neighbours, and added that the committee will be working closely with the Highways Agency to minimise traffic problems.
He said: "It is now crucial that Donington Park turns its attention to the details that will make this event a success. In approving this planning permission we have done everything we can to mitigate any noise or nuisance this may cause to neighbours of the site."