The UK government finance minister Rishi Sunak announced in the autumn budget statement to parliament that the government intended to fund the Hebrides X-Prix. read more »

McLaren Group are set for a £550m injection of capital, most of it via the sale of a stake in the company to the Saudi Public Investment Fund (PIF). read more »

The McLaren Group has raised £550 million in new investment which will help to support its automotive and racing divisions. The new investment comes from multiple sources, but... read more »

Much of the new funding comes from Saudi Arabia's Public Investment Fund [PIF], with some coming from existing investors, including Bahrain's Mumtalakat.McLaren says... read more »

As part of its We Race As One initiative, F1 announced in June 2020 that it would be forming a foundation to help fund scholarships and tuition for students from more diverse... read more »

Hamilton was raised on a council estate in Stevenage, with his father holding down multiple jobs to fund his early karting career that helped pave the way for his success in... read more »

Ex-F1 driver Nicolas Kiesa says Nikita Mazepin races with the knowledge that his dad will fund him no matter what he does. read more »

Valtteri Bottas has put his Mercedes AMG GT road car up for sale to raise funds for his home go-kart track in Lahti, Finland. read more »

F1 has made improving diversity and inclusion a key part of its corporate strategy for the future through its We Race As One programme.The series has already revealed plans to... read more »

F1 announced last June that it would be forming a new foundation to help fund apprenticeships and scholarships to improve diversity within the series following a push from many... read more »

Williams announced in December that ex-Volkswagen motorsport chief and McLaren CEO Capito would be joining the team in the new year, bolstering its management team.Capito was... read more »

A Monaco-based start-up team remains interested in a Formula 1 entry in the near future, calling a possible waiver of the $200m dilution fund fee "a step forward" read more »

Formula 1's Virtual Grands Prix will return this winter with charity prizes on offer for the competing teams. Formula 1 launched an eight-event virtual series during the... read more »

Pedro Piquet, son of three-time Formula 1 World Champion Nelson, says he is no longer willing to fund a seat in feeder series, confirming that he will not stay in Formula 2... read more »

Any new team entering F1 will need to pay $200m to the existing ten teams as part of a 'dilution fund'. read more »

Any new teams looking to enter the FIA Formula 1 World Championship from 2021 will have to pay an advance of $200 million (£156m) to rival teams as part of a ‘Dilution Fund’.... read more »

New Formula 1 entrants must pay rival teams a total of $200 million, as part of a prize-money 'dilution find', if they want to join the grid from 2021 read more »

Enzo Ferrari made no secret of the fact that he only ever set up his road car operation so it could help fund his Formula 1 team read more »

Claire Williams has confirmed that the new owner of Williams has no links to ex-Formula 1 supremo Bernie Ecclestone, but would not reveal who is behind the investment fund read more »

Formula One's governing body, the FIA will donate one millions euros from its FIA Innovation Fund to contribute to the WeRaceAsOne initiative that aims to improve... read more »

Formula 1 has established a new foundation to fund internships and apprenticeships for people from underrepresented groups, with the sport's CEO Chase Carey making a... read more »

F1 chairman and CEO Chase Carey has personally pledged $1 million of his own money into a new foundation to help fund apprenticeships for under-represented groups. read more »

Formula 1 is launching a foundation to fund apprenticeships and scholarships to increase diversity in the sport. read more »

While F1 is taking steps to cut costs, Jean Alesi has revealed he has sold his Ferrari F40 in order to finance his son Giuliano's F2 career. read more »

Claire Williams has warned that "not just one or two teams" could drop out of Formula 1 if the prize fund drops significantly due to a shortened calendar. read more »