Donington Park is looking to increase the number of days it is allowed to hold motor racing events from 40 to 60 – on a permanent basis.
The circuit, in Castle Donington, has applied to North West Leicestershire District Council for approval of the scheme.
It follows a two-year trial period, in which the impact of the proposed changes has been monitored and scrutinised by acoustic noise specialists.
Circuit bosses claim the trial has been a success and are pushing for permanent permission – despite objections from 44 residents.
Managing director Christopher Tate said: "We have had temporary permission to run extra weekend race days since 2001, but would like to make this arrangement long-term.
"The trial period has been a success but the temporary permission ends in November.
"We've consulted extensively with residents and the wider community and have been working closely with the planning authority.
"To be able to plan ahead for next year's race calendar we need to know now whether we can continue past November. We need that assurance."
Concerns raised by residents include extra disturbance from noise, pollution and increased traffic congestion on surrounding roads.
Hemington resident Chris Hill, 54, said: "I want to see the racing circuit prosper, as it creates jobs, brings investment to the area and business for local companies. But there are noise issues.
"What gets me is plenty of industries create noise – East Midlands Airport, for example.
"But almost all of them have a plan to reduce noise in the future – the race track doesn't.
"I'm not convinced cars nowadays can't go just as fast but create less noise.
"Because they mostly race at weekends when people want to enjoy their homes and gardens, it can be very annoying indeed.''
To reduce the impact on surrounding villages, the circuit did produce a noise-management plant and voluntarily introduced noise limits on certain days.
Planning officers at the district council are recommending its planning committee, which meets to consider the move on Tuesday, June 4, to agree the extra race days for the long term.
It follows a report by Acoustic Consultancy Services Ltd, backed by council environmental health officers, which found that the overall noise levels created by the extra race days was less than predicted.
Council data revealed that, of 195 noise complaints from residents during 2012, 138 came from 21 people living in South Derbyshire.
Donington Park Liaison Committee, which includes parish and district councillors, was also consulted.
Its secretary, Tony Saffell, who is also district councillor for Castle Donington, said: "I don't think the extra racing days have made any difference to overall noise levels from the circuit. That's because the number of race days when there is unlimited noise have been reduced.
"This weekend's World Super bike Championship event, for example, is relatively quiet, with noise levels well under those you would get from a road vehicle."
If the plans are approved, racing will take place from February through to November every year.
