Michael Schumacher believes he can wipe away memories of his Monaco controversy with victory in this weekend's British Grand Prix at Silverstone.

The Ferrari driver was punished by race stewards, and roundly condemned by fellow drivers, for deliberately disrupting the final seconds of qualifying by faking an accident.

He was put to the back of the grid but emphasised Ferrari's return to form by fighting back to take an unlikely fifth on the twisty Monaco streets.

That fight back was overshadowed by his qualifying antics and Schumacher heads to Silverstone this weekend aiming for his third victory of the season.

"We should be competitive and challenge for the win," he said. "This is our aim."

Schumacher conceded more ground to world champion Fernando Alonso in the standings at Monaco and now trails by 21 points as the season nears its halfway point.

But the German is convinced an eighth world title is still possible and he put his faith in Ferrari to out gun Renault as the season draws on.

He said: "It all depends on how we develop our car. This, in my view, is the crucial point and Ferrari is superb at this development.

"Our race and test teams are extremely careful about the details of their work. They are surprisingly highly motivated.

"Consequently, everything is done to ensure the best possible result is obtained."

Ferrari's relentless testing programme has already borne fruit with a return to the front despite a slow start to the season and recent testing has filled Schumacher with new optimism.

He added: "We managed to develop the car well. The tyres are ready for Silverstone and, overall, we worked hard ahead of next weekend's race.

"I have to say that everything seems positive. We can still improve in some areas and I think that the results should come from this weekend on."

Schumacher is not alone in hoping for a British win to brighten his mood after a difficult weekend in Monaco.

Kimi Raikkonen watched the final laps of Schumacher's fight back from a yacht in the harbour after his McLaren broke down while he was battling Alonso for the lead.

After missing out on a chance at victory in Formula One's most glamorous race, the Finn is now targeting a win in the oldest.

He said: "The British Grand Prix is one I really want to win, as with Monaco it is another of the legendary races on a great track, and of course a home race for the team."