Mazepin, who owns the Uralkali company that is title sponsor of Haas, has offered to fund an incentive programme to help encourage staff to stay on board for next year.Rather... read more »

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 »