Zandvoort has received a boost in their efforts to secure the return of the Dutch Grand Prix in 2020.
Having hosted Formula 1 until 1985, the circuit has been considered the preferred option for one of Liberty Media's top priorities, as they look to capitalise on the popularity of Max Verstappen.
However, with a deadline of the end of March to reach a deal, securing the financial support has been tough, particularly after the national government ruled out investment.
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Now though, 4m Euros has been granted by the local council in Zandvoort towards the redevelopment of the circuit in the hopes of pushing through what they see as a big opportunity to host a major international sporting event.
"We are happy to invest in the return of Formula 1 to the most beautiful circuit in the Netherlands," councillor Ellen Verheij said via GPFans.com.
"We are proud of Formula 1 and Circuit Park Zandvoort and are prepared to stick our neck out for that."
