Formula 1 CEO Chase Carey has personally donated $1m to kick-start an internship and apprenticeship foundation that will help under-represented groups.
Formula 1 announced its #WeRaceAsOne diversity initiative earlier this week and on Thursday revealed further schemes that are due to be set up by the championship.
A Task Force, which will be established over the next few months, will include input from drivers and teams, as well as external inclusion experts.
It will be “specifically focused at identifying the employment and education opportunities for under-represented groups across Formula 1, including STEM [Science, Technology, Engineering and Mathematics] careers, and the required actions to address these findings.”
In addition to the Task Force Formula 1 will create a foundation to “finance primarily, but not exclusively, internships and apprenticeships within Formula 1 for under-represented groups to ensure they have the opportunity to fulfil their potential and have access to a promising career in the sport.”
The initial funding for this foundation will be provided by Carey, Formula 1’s Chairman and CEO since 2017, who will personally give $1m.
“We fully recognise that Formula 1 needs to be more inclusive and diverse,” said Carey.
“While we set out our strategy last year to improve the position of our sport, we need, and want, to do more.
“That is why we will establish a Task Force to listen and ensure the right initiatives are identified to increase diversity in Formula 1.
“We want to ensure we give people from all backgrounds the best chances to work in Formula 1 regardless of their gender, ethnicity, sexual orientation, or physical abilities.
“We are therefore also taking the initial step of creating a foundation to support key educational and employment opportunities across Formula 1 that will give under-represented talent the chance to work in this incredible sport and build an exciting career.”