2021 : FORMULA 2 AND FORMULA 3 TO HOLD 3 RACES PER WEEKEND

Formula 2 and Formula 3 have unveiled new measures for 2021 with the objective of helping to cut costs throughout the junior series.

In a package of changes designed to help keep budgets in the two categories under control, new agreements with the suppliers to Formula 2 and Formula 3 will mean that costs of the engine lease and of some spare parts will decrease significantly next season. In addition, costs related to logistics and freight will also be cut.

Moreover, the promoters have decided that, subject to approval from the World Motor Sport Council, 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 also be unchanged for 2021 and are likely to remain the same for the following seasons, with the next three-year cycle starting in 2022.

Finally, one of the teams’ variable costs is the number of events per season, which directly impacts their budget. Therefore, it has been decided that an efficient way to reduce their expenses is to go to fewer venues, but without decreasing the number of races.

Currently, each Formula 2 and Formula 3 event comprises two races. From 2021, they will be made up of three races instead. Formula 2’s calendar will consist of eight events, but will keep a total of 24 races. This means the Formula 2 teams will save up to a third of their logistics costs. As for Formula 3’s calendar, it will comprise seven events, but 21 races in total, thus increasing the overall mileage per season.

In order to achieve this, F2 and F3 can no longer run on the same race weekend, as it is impossible to fit six races around a Formula 1 Grand Prix. Therefore, it has been agreed with the FIA and FOM to have three races of either F2 or F3 per Grand Prix weekend, the format of which will be announced at a later date.

The key points

• Decrease in costs of engine lease and of some spare parts.

• Logistic and freight costs also to be decreased.

• No new F2 car will be introduced for the next three-year cycle (2021-2023).

• F3 car’s current specs to remain unchanged in 2021, and likely to stay the same in following seasons.

• F2 and F3 Championships to race at fewer venues in order to save the teams’ variable costs.

• F2 and F3 to have three races per event.

• F2’s 2021 calendar will comprise 8 rounds and a total of 24 races.

• F3’s 2021 calendar will comprise 7 rounds and a total of 21 races (thus increasing overall mileage).

• All 2021 F2 and F3 events will take place alongside Formula 1.

• F2 and F3 will no longer race on the same weekend.

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.”

BREAKING: New changes are coming to #F2

🔹 Three races per weekend
🔹 Eight rounds in 2021
🔹 F2 and F3 to be on separate weekends#RoadToF1 pic.twitter.com/cwLUD50H9I

— Formula 2 (@FIA_F2) November 6, 2020

More races, fewer costs, same incredible championship 🙌

The FIA Formula 3 Championship, in tandem with @FIA_F2, is introducing a range of cost-cutting measures from next season and beyond#F3 #RoadToF1 pic.twitter.com/e5gjnEz8jV

— Formula 3 (@FIAFormula3) November 6, 2020

Source : f1.com.

2021 : FORMULA 2 AND FORMULA 3 TO HOLD 3 RACES PER WEEKEND 2021 : FORMULA 2 AND FORMULA 3 TO HOLD 3 RACES PER WEEKEND

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