In its efforts to keep up with the rising costs of organising the British GP, Silverstone is planning to add an additional capacity of 25,000 seats over the next three years.
This year's event attracted a strong race-day crowd of 139,000 spectators, a number which fell just short of the 2015 attendance.
Silverstone's managing director, Patrick Allen believes this year's race was profitable after recording a profit to the bottom line in 2015 for the first time in ten years.
Allen is looking not only to increase capacity but also at bring race fans closer to the action.
"Budget allowing I'd like to get the crowd closer to the track action, and this is where we are in discussions with the FIA and Charlie Whiting," Allen told Autosport.
"So for instance at Becketts, and down the National pit straight, I want to bring the grandstands in. I'm currently looking at that.
"If we could do that it would be more exciting for the fans and drivers. They would feel like they are driving through an arena all the way around the circuit, rather than seeing the crowd from a distance.
"We can also put more grandstands in, but it's not cheap to do that. Initially we can do more with our existing ones, and if we can get them closer to the track then that will allow for further capacity.
"We've currently around 65,000 seats, and I'd like to see that climb to nearer 90,000. That will probably be phased in over three years. If we get a slug of investment money, then who knows, we might be able to do it sooner."
Chris Medland's 2016 Hungarian Grand Prix preview
Technical snapshot - Silverstone
Closing the gap? 2016 constructors points progression
TECHNICAL: Under the skin of the Mercedes W07
Keep up to date with all the F1 news via Facebook and Twitter
Ferrari and Mercedes have both modified their car’s floor element in Las Vegas to comply…
Lewis Hamilton put Mercedes on top of the timesheets for the second time in Las…
Full results from Free Practice 2 for the Las Vegas Grand Prix at Las Vegas,…
Charles Leclerc believes that Ferrari has a genuine “shot” at beating rival McLaren to Formula…
Haas team principal Ayao Komatsu has revealed that nine Formula 1 teams stand in opposition…
Lewis Hamilton and George Russell led the field in a chilly but trouble-free first practice…