It was on the runways and outer roads of the former airbase that the first Formula 1 championship race took place in 1950 and now, 64 years on, this historic track in the windswept countryside in Northamptonshire is set to host one of the most important races of Lewis Hamilton's career.
- FIA out of touch with fans?
- McLaren approach Hamilton over return
- Ricciardo predicts Red Bull fight at Silverstone
Just over a month ago it all seemed so rosy for the 2008 champion, he had won four straight races and recovered the 25 point gap to team-mate Nico Rosberg and had taken the lead in the drivers' championship for the first time.
People were saying it was now his to lose, how Hamilton had broken Rosberg and why the Briton could conceivably win all the remaining races.
Then in Monaco, the rampant momentum Lewis had generated was brought to a shuddering halt, controversy reigned as Rosberg cost his team-mate a chance of pole and then an irate Hamilton had to watch on as Nico claimed his second successive win on the streets of Monte Carlo.
The confidence remained, however, heading to Canada, a place Hamilton had had great success at in the past, but not this year as his car let him down and caused a costly second retirement of the year as Rosberg hung on to claim second.
Hamilton had it all to do again but things got worse as mistakes in qualifying put him on the back foot in Austria, in the race, however, he would limit the damage as he finished second to the No. 6 Silver Arrow.
These three moments might define the destiny of the 2014 world title as Rosberg heads to Silverstone 29 points clear of Hamilton, the biggest gap there has been between the pair all season.
It is the German too who won the very dramatic race in Great Britain last year as Pirelli's exploding tyres dominated the race. Indeed the series of high-speed failures first took the pole man and early race leader, one Lewis Hamilton, out of contention.
This year the 29-year-old will be favourite, however, and he can rely on a partisan crowd too at Silverstone who will be cheering his every turn of the steering wheel.
It is the start of a crucial few weeks as after the British Grand Prix comes Rosberg's home race in Germany, so for Hamilton beating his team-mate on home turf is nigh on essential.
This race won't be all about Mercedes though, and after the straights of Canada and Austria, Silverstone is much less dependent on engine power.
Instead the high-speed corners put a big focus on aerodynamics and therefore, following their worst race of the year at their home GP, Red Bull will be much stronger at the second race they consider home.
Silverstone has also been a happy hunting ground for Daniel Ricciardo in lower formulae and his better understanding of the RB10 should give him the edge on Sebastian Vettel once more.
Following a return to the front row and then a podium finish in Austria, Williams can't be ruled out of another strong result at their home race.
The big Achilles heel for them, however, has been rear grip and tyre wear and at a track known as one of the hardest on the Pirelli rubber replicating the performance from the Red Bull Ring might be tricky.
Instead McLaren may just be the Mercedes customer team to shine, with Jenson Button participating in his 15th home race, as well the tribute to his father John, with the hash tag #PinkforPapa trending on Twitter, it promises to be an emotional but I think more competitive weekend for the Woking based team.
Ferrari too are usually more competitive at Silverstone and could find themselves in the battle with Red Bull for best of the rest while the midfield battle again promises to be fierce. But unlike in Austria, I expect we may see a more strung out pack because of the characteristics of the track.
A team like Lotus, who have a good car aerodynamically, should enjoy the sweeping curves at Silverstone much more than the stop, start nature of the last three circuits while Toro Rosso may struggle to reach the top 10.
Force India are an unknown quantity in my opinion, they are the nearest team located to Silverstone but usually don't enjoy the higher downforce venues, however, their ability to look after the tyres may just prove very handy so I expect another strong showing in the race from Sergio Perez and Nico Hulkenberg.
Finally at the back and could this be the race Marussia finally move ahead of Sauber in pure pace?
The development of the MR03 has been impressive during the year and the best could yet be to come, however, one team in focus for the wrong reason is currently Caterham.
Owner Tony Fernandes sparked rumours of a sale as he left Twitter on Friday claiming "F1 hasn't worked" and you feel there is little to be confident about for the Leafield team heading to Silverstone.
History will be made whatever happens this weekend. On Friday Scot Susie Wolff becomes the first female driver to participate in an official F1 session in 22 years as she gets behind the wheel of the Williams.
Hamilton v Rosberg
But the main focus of the British Grand Prix will be on Lewis Hamilton, Nico Rosberg and the battle at Mercedes, its a race that Hamilton feels he should win and probably needs to win if he wants to keep his bid for a second world championship alive.
With the home crowd behind him the tension will rise ever higher and at a race that never fails to disappoint, this could be one of the most combustible in years.