The 1995 British Grand Prix (formally the XLVIII British Grand Prix) was a Formula One motor race held on 16 July 1995 at Silverstone Circuit, Silverstone, Northamptonshire, England. It was the eighth round of the 1995 Formula One World Championship. Johnny Herbert for the Benetton team won the 61-lap race from fifth position. Jean Alesi finished second in a Ferrari, with David Coulthard third in a Williams car. The remaining points-scoring positions were filled by Olivier Panis (Ligier), Mark Blundell (McLaren) and Heinz-Harald Frentzen (Sauber). Herbert's victory was his first in Formula One, and the Benetton team's fifth of the season.

The race was dominated, however, by the fight between World Drivers' Championship protagonists, Michael Schumacher (Benetton) and Damon Hill (Williams). Hill, who started from a pole position achieved during qualifying sessions held in variable weather conditions, retained his lead during the opening stages of the race whilst Schumacher, who was alongside him on the starting grid, fell behind Alesi in the run to the first corner. Despite being held up behind the slower Ferrari until it made a pit stop, Schumacher used a more favourable one-stop strategy to move ahead of Hill, who made two pit stops for fuel and tyres, on lap 41. Four laps later, Hill attempted to pass Schumacher, but the two collided and were forced to retire from the race. This promoted Herbert and Coulthard, who were battling for third place, into the fight for the lead. Coulthard passed Herbert, but dropped to third, behind Alesi, after incurring a stop-go penalty for speeding in the pit lane.

1995 British Grand Prix

Background

Heading into the eighth race of the season, Benetton driver Michael Schumacher was leading the Drivers' Championship with 46 points; ahead of Williams driver Damon Hill on 35, and the two Ferrari drivers, Jean Alesi and Gerhard Berger, on 26 and 17 points respectively. The Constructors' Championship was closer, with Benetton on 48 points leading Ferrari and Williams on 43 and 42 points respectively. After a hesitant start to the season, Schumacher had won three of the previous four Grands Prix, and arrived at Silverstone as the man to beat. Hill, on the other hand, had won the 1994 British Grand Prix and was eager to repeat the feat in front of his home fans. He had also set the fastest lap time in pre-event testing at Silverstone during the final week of June, almost a second in front of teammate David Coulthard, and a further 0.2 seconds ahead of Schumacher. The McLaren, Jordan, Footwork and Pacific teams also took part in these test sessions. Hill was also under some additional pressure going into the weekend, as his wife, Georgie, was due to give birth to their third child imminently.

1995 British Grand Prix

There was one driver change going into the event: the Footwork team's lead driver, Gianni Morbidelli, was replaced by compatriot Massimiliano Papis, an International Formula 3000 race winner who had also been the test driver for Team Lotus in 1994, before the outfit withdrew from the sport ahead of the 1995 season. Papis brought valuable sponsorship from Altea, a tie manufacturer, to the underfunded team, which supplemented the income already being provided by his pay driver teammate, Taki Inoue, to cover the team's budget for the year. Morbidelli was kept on as the team's test driver, and returned to racing action at the later in the year.

1995 British Grand Prix

Pre-race discussion centred on the following year's driver line-up, with Schumacher rumoured to be moving to Ferrari to replace Berger, who was considering a move to Williams. Hill's future was also uncertain, as was his teammate David Coulthard's, due to the McLaren team possessing an option on his services for . Sauber driver Heinz-Harald Frentzen was also linked to a possible vacant position for 1996 in the Williams team. Schumacher's future plans dictated the rest of the driver market, due to his status as the reigning World Champion—and, indeed, the only such champion of all the contemporary drivers—and reputation as the best driver currently in Formula One. It was also reported that Schumacher's teammate, Johnny Herbert, was in imminent danger of losing his Benetton seat to test driver Jos Verstappen, who was available due to the collapse of the Simtek team after the and was contractually owed race drives by team principal Flavio Briatore. Despite taking a podium finish earlier in the year, Herbert had rarely been close to Schumacher's pace and had only completed two laps in the two previous Grands Prix. A potential new entry was also being discussed: the Japanese racing car constructor Dome was in the process of building a Formula One car with which to enter the World Championship in .