The Austrian Grand Prix will remain on the Formula One calendar until at least 2030 after a new long-term deal at Spielberg’s Red Bull Ring was confirmed ahead of Sunday’s race.

The circuit, which was bought and re-branded by Red Bull founder Dietrich Mateschitz returned to the F1 schedule in 2014 and has been a permanent fixture since.

Mateschitz died last year, aged 78, after battling a long-term illness.

“The vision and passion of Dietrich Mateschitz, a man who loved this sport, made this all possible and it is a very special moment and a tribute to him that we can confirm we will be racing at this incredible venue until 2030,” said F1 chief executive Stefano Domenicali.

The race in Austria is a big favourite for the drivers and all our fans and we are looking forward to many years of excitement and action that are ahead of us.”

Red Bull driver Max Verstappen will start on pole position for Sunday’s 71-lap Grand Prix as he bids to extend his 70-point championship lead.