The home of the British Grand Prix will also become the home of a new specialist school, the Department for Education has confirmed.
Land at Silverstone motor racing circuit will be used as the base for one of the first wave of university technical colleges (UTCs) that will train teenagers in highly specialised subjects from next year.
The school, backed by Northampton University and Tresham college, will allow pupils to study Formula One mechanics as well as attending more traditional lessons.
It is one of the 13 UTCs being announced as part of a flagship Conservative policy drawn up by former Tory education secretary Lord Baker.
Critics claim the colleges will mean pupils specialise at too early a stage in their school career, but ministers believe it will give them the skills they need to compete in the modern workplace.
All of the colleges are sponsored by a local university and employers, focus on disciplines that require highly specialised equipment, such as engineering, manufacturing and construction, and will have between 500 to 800 students.
They have more freedom over the curriculum, the length of the school day and teachers' pay and conditions.
Education Secretary Michael Gove will also announce 55 new free schools, which can be set up by parents, community groups or other organisations, on Monday.
All of the new state-funded schools and college have been approved to open from September 2012 onwards.