FIA Formula 2 and Formula 3 to introduce cost cutting measures for 2021

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The FIA Formula 2 and FIA Formula 3 Championships have announced that both series plan to introduce cost-cutting measures from 2021 onwards to keep budgets under control.

As part of the package, the costs of the engine lease and of some spare parts will decrease significantly from 2021. In addition to this, the costs related to logistics and freight will also be cut for both F2 and F3.

Moreover, the promoters have decided that the same car will be used for the next three-year cycle of F2 which will start in 2021. The 2019 Formula 3 car’s specs will be unchanged for 2021 and is likely to remain the same for the following seasons, with the next three-year cycle starting in 2022.

Both championships are set to feature a less intense schedule by racing at fewer venues. The 2021 F2 calendar will comprise 8 rounds and a total of 24 races while the 2021 F3 calendar will include 7 rounds and a total of 21 races. This means that both series will have three race per event.

Although both championship will remain tied with Formula One, the F2 and F3 will no longer race on the same weekend.

Commenting on the announcement, FIA Formula 2 and FIA Formula 3 CEO Bruno Michel said: “One of our core values since the launch of the GP2 Series back in 2005 has been costs control. Today, more than ever, it has to be at the heart of our strategy.

“The measures we are announcing here are crucial as they have an impact on the way both Championships operate, but also on the calendar and the race weekend timetable, hence the sporting regulations.

“Furthermore, the teams who are currently competing in both Championships will have the possibility to mutualise some of their personnel between the two categories in order to save additional costs. We strongly feel that this has to be done and put in place as quickly as possible to ensure the stability of both Championships in the years to come," Michel concluded.