The headquarters will provide facilities for each of the ten Formula E teams, together with offices, stores and workshops for Formula E’s own operational staff.

The 44,000 sq ft facilities, are understood to cost around £7m to build, and will meet the “Very Good” BREEAM sustainable construction standards.

Alejandro Agag, CEO of Formula E, said: “We looked at a number of locations around Europe but the British motorsport industry is regarded as the best in the world so it was an easy decision for us to be based in the UK and our new facilities at Donington Park provide the perfect central location for operating the FIA Formula E Championship.

“Being in the ‘Motorsport Valley’ also means we can take advantage of the technology and skills all around us, as we have already done through McLaren and Williams.

“It’s also great for such an innovative and global racing series to be based at a historic race track like Donington Park and we’re looking forward to welcoming the teams.”

The work will be complete by the end of April with the first teams moving in on 1st May.

Chris Hamer, managing director, said: “We are delighted to be working with Donington Park and Pick Everard, and to be part of a scheme which will redefine the British motor sport industry.

“Innovation is at the heart of our business lines so working with people who push new sustainable technologies is something we are proud to be involved with.”

Formula E is a new FIA Championship using electric, single seat racing cars capable of speeds in excess of 225km/h.

Beginning this September in Beijing, the series will compete in the heart of 10 of the world’s leading cities including London, Miami and Rio de Janeiro.