The Engineering Scholarship programme of Formula 1 has been officially extended until 2025, with the goal of increasing diversity.
Non-executive Formula 1 chairman Chase Carey provided a $1million donation to get the scheme off the ground a decade ago, and so far ten students have been successfully supported in their engineering degrees in UK and Italian universities.
As part of the programme, the tuition fees and living costs for each student are covered for the duration of their degree.
And this will continue through to 2025 after an extension was announced by Formula 1, which will give 10 more students each year the chance to receive the same backing.
Show your support for Scuderia Ferrari with official merchandise collection from Puma!
The announcement is part of Formula 1’s efforts to make the series a more diverse landscape, with the series also opening up apprenticeship and internship positions across various departments, looking to build from the mechanical engineering students who have already taken advantage of those opportunities.
Formula 1 has been collaborating with the Black Collective of Media in Sport (BCOMS) and The Blair Project as part of their initiatives.
In a statement, Formula 1 president and CEO Stefano Domenicali explained: “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. 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.” – he concluded.
Leave a Reply