Often Grand Prix refers to Formula One racing, and the first Formula One Season was in 1950. Here is the list of races in order of when they were held:
Grand Prix means "grand prize" in French, and there are a lot of contests that have events with that name, so if you were expecting a different answer, it depends on which "Grand Prix" you mean and you might want to ask a more specific question.
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Silverstone, although it wasn't nearly the same as it is now, it was a drastically different layout.
It was the 1950 British Grand Prix, the first round of the inaugral seven race season.
The current British Grand Prix venue is Silverstone. The first race in Silverstone was held in 1948. Ever since 1948, the British GP has been an integral part of motor racing