Jul.14 (GMM) Virgin has not confirmed reports it has earmarked Silverstone as a potential site for its new headquarters.

Currently, the struggling team operates from the Manor headquarters in Dinnington, and it has recently acquired Nick Wirth's technical F1 facility at Banbury.

But the plan for a couple of years down the road is for a bespoke Virgin factory under one roof.

A rumour in the British grand prix paddock last weekend was that talks took place between Virgin and Silverstone bosses.

Virgin Racing president Graeme Lowdon told The Star on Thursday: "There is no big change in the short term.

"We have got a couple of guys looking at where the best location would be in the long run. On the basis that this will be a new facility, this is not something you necessarily want to rush into.

"They have got to find the right place because it will be a big investment. I don't expect there to be a decision on that too quickly," he added.

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