Formula 1 has extended its funding commitment to its Engineering Scholarship programme through 2025.
The scholarships were launched last year, aimed at increasing diversity within motorsport, and it was initiated by a donation of $1m from Non-Executive Formula 1 Chairman Chase Carey.
So far 10 students have begun placements in engineering degrees at universities in the United Kingdom and Italy, and each scholarship covers the full cost of tuition and living expenses for the duration of the course.
On Tuesday it was announced that the programme has been extended from 2022 through 2025, allowing scholarships to be offered to 10 more students each year.
Formula 1 is also working with the Black Collective of Media in Sport and The Blair Project to offer apprenticeships and internships across the sport.
“We are committed to increasing diversity and opportunity within this incredible sport and I am pleased to confirm that we will be expanding our programme for scholars until 2025, providing fantastic opportunity for some incredibly talented students to begin their journeys with Formula 1,” said CEO Stefano Domenicali.
“We want to continue to ensure that talent from underrepresented groups has meaningful opportunities, with the first ten scholars already beginning their studies following Chase’s incredible donation to fund the scholars in their first year.
“We want to continue and build on the foundations of the programme in the years ahead.”
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