Formula One announces new all-women series of races to begin in 2023

Formula One has officially announced the formation of a new all-women series which will begin in 2023. The F1 Academy will be run and financially backed by the sport’s ownersManagement with the intent of helping more young women progress in motor racing and ultimately into F1.

F1 has not had a female driver compete in a grand prix since Lella Lombardi raced in Austria in 1976. The lack of funding available to back young women entering motor sport has been a real hurdle in the past and F1 is looking to go someway to overcome this. It will subsidise each car with a budget of €150,000 and the drivers will have to match that total with their own backing. The teams, who have yet to be named, will cover any remaining costs.

F1’s intent is to offer more young women access to track time and racing to help them develop their skills with professional teams who are used to nurturing talent as part of the racing ladder toward F1. The hope is this will provide the route into F3 being made more accessible. The future of the existing female drivers only W Series remains in doubt, though its CEO, Catherine Bond Muir, welcomed the news, saying of the F1 Academy: “It is fantastic to see this grow as a result of our pioneering work.”

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