Swiss bank Credit Suisse is funding the restoration of the Goodwood’s historic Race Control building.
The rebuild has already begun and will combine contemporary interiors with period features.
When finished, the tower – which overlooks the pit straight – will play host to driver briefings, the Credit Suisse Historic Racing Forum and VIP events.
Built during wartime, the structure was adopted as the circuit office in 1948 with the top floor added later to enhance the view of the track and to house timekeepers, race control personnel and the venue’s telephone system.
In the past, it has managed events including the nine-hour ‘day into night’ races in 1952, 1953 and 1955 and the three-hour TT races from 1958-’64.
Revival founder Lord March said: “The building has played a pivotal role in motor racing here over the decades, and I am really looking forward to bringing it into the next stage of its life.”
The move follows Credit Suisse’s announcement of a seven-year sponsorship commitment to the Goodwood Revival.