Carmaker Jaguar Land Rover is reportedly in talks with owners of the Silverstone motorsport complex as it seeks a new home for its sales and marketing teams.

According to the Birmingham Mail, the carmaker has made a bid for the Silverstone circuit, and wants to create a Jaguar Land Rover heritage centre, vehicle design workshop, visitor centre and a luxury hotel at the complex, as well as offices for its own staff.

In September Silverstone’s managing director said the future of Silverstone's British Grand Prix was at risk without major investment in the race track.

The circuit is currently owned by the British Racing Drivers' Club (BRDC) and, according to the Birmingham Mail, is valued at almost £23 million.

Earlier this year it was reported that JLR was developing a planning application to enhance its site at Gaydon in Warwickshire to bring its engineers, designers and product development experts under one roof from their current base at Whitley, Coventry.