The Goodwood Festival of Speed is an annual hill climb featuring historic motor racing vehicles held in the grounds of Goodwood House, West Sussex, England in late June or early July; the event is scheduled to avoid clashing with the Formula One season, enabling fans to see F1 machines as well as cars and motorbikes from motor racing history climb the hill. In the early years of the Festival, tens of thousands attended over the weekend. 

 The Goodwood Festival of Speed was founded in 1993 by Lord March in order to bring motor racing back to the Goodwood estate — a location steeped in British motor racing history. Shortly after taking over the estate in the early 1990s, Lord March (who later became Duke of Richmond) wanted to bring back motor racing to Goodwood Circuit, but did not have the necessary permit to host a race there.

Therefore, he instead hosted it on his own grounds. With a small selection of entrants made up of invited historic vehicles, the first event that took place on Sunday 20 June proved to be a success, taking in a crowd of 25,000 despite a date clash with the 24 Hours of Le Mans that year. After the second event also clashed with Le Mans, Lord March would ensure that the event would never be allowed to clash with either Le Mans or Formula One races. In 1994, Saturday was added, making it a weekend event.

In 1996, Friday was added, making it a three-day event. In 2010, the Moving Motor Show was added on the Thursday. The 2020 event was cancelled then later run in October combined with events at Goodwood Motor Circuit, without spectators, but streamed online and shown on terrestrial TV.

The event was modified to incorporate historic cars from the Revival, rally/sprint cars from the Member's Meeting, and an attempt to set a new track record.