Silverstone will be host to the British MotoGP for the next two seasons following the recent decision by Donington to ditch plans to host the events on behalf of the Circuit of Wales.

The FIM has confirmed that Silverstone will fill the void as host venue for the MotoGP World Championship round from August 28-30 this year and again when the 2016 calendar is finalised later this year.

Construction of a planned £300 million ($592 million) circuit in Wales is yet to begin while the proposed venue is also the subject of a public inquiry that is start to commence next month.

Patrick Allen, Managing Director of Silverstone, commented: “A lot of work has been done over recent years to ensure MotoGP fans enjoy what Silverstone has to offer and it was devastating for the venue to lose the event last autumn.

“Two wheel racing is as much a part of Silverstone’s heritage as four wheel racing and I am obviously delighted to be in a position to announce we are hosting both the F1 and MotoGP in 2015.”

“We have recently introduced a family friendly pricing policy for the Formula 1 British Grand Prix which is proving extremely popular and over the next two weeks I will be working closely with my team at Silverstone to launch a ticket model for MotoGP that I hope will be equally well received by fans.

“I would also like to take this opportunity to thank all our customers who have moved their event dates to enable us to accommodate MotoGP.”

Michael Carrick, Chief Executive of Circuit of Wales commented: “We want to thank the new management at Silverstone, our partners at Dorna and our investors for the rapid response needed to support the 2015 event when it became clear that we would be unlikely to conclude the contractual arrangements at Donington.

“We are delighted to secure the future of the event for the next two years while our circuit in Wales is under construction. Today’s announcement ensures we will have the 2015 British Round of MotoGP.”

“We continue to advance our development activity on the Circuit of Wales and are focused on the upcoming public inquiry into the deregistration of the common land. We expect construction to commence once this inquiry has concluded.”

The MotoGP at Silverstone will take the place of the Formula Renault 3.5 Series round which will revert to a September date.