FIA Formula 2 and Formula 3 Series Announce Cost Cutting Measures

Formula Two and Three have announced some big cost-cutting measures for 2021 season onwards. (Image credit: Mark Thompson/Getty Images)

FIA Formula Two and Formula Three series have jointly announced a series of cost cutting measures, including a split which sees both no series no longer racing on the same weekends. 

Aside from mechanical related costs, the biggest change will see F2 and F3 visiting fewer venues in order to reduce financial expenses but with three races per weekend instead of the traditional two races per round.

F2’s 2021 calendar will contain eight venues which is in keeping with the usual 24 race season, whereas F3 will visit seven circuits with a total of 21 races across those seven rounds which will be an increase of three races on 2020’s calendar of 18 races across nine rounds which was won by Oscar Piastri who claimed the F3 title in Mugello.

Due to the impossibility of fitting six races in on a Formula One Grand Prix weekend, F2 and F3 will no longer race together on the same race weekend and an agreement has been reached with FIA and F1 for three races of either F2 or F3 per Grand Prix weekend, of which the exact format will be announced in due course.

F2 will consequently save a third of their logistics costs whilst F3 will see an increase in overall mileage across each season compared to the accumulated mileage in 2020.

Both series meanwhile have struck a deal with their suppliers for a significant reduction in costs of engine lease and spare parts on top of logistics and freight, with F2 retaining their Dallara 2018 spec car for a further three seasons and no new spec car being available before 2024 season at earliest.

F3 meanwhile will retain its F3 2019 spec car for next season with an expectation that the car will be kept for the next three-season cycle, which would mean no new F3 spec car being available before the 2025 season at earliest.

Speaking on the decision to make these changes, FIA F2 and F3 CEO, Bruno Michel stated that costs control has been a “core value” of the series since it was formed as GP2 in 2005, adding that cost cutting “has to be at the heart of our strategy” amidst turbulent times during the Coronavirus pandemic.

Michel also admitted that these changes will have an impact on both Championships, saying; “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.”

It is also expected that the split race weekends approach will benefit teams financially, with Michel believing that teams “… will have the possibility to mutualise some of their personnel between the two categories in order to save additional costs.”

Michel concluded by stating that these changes are important for the futures of both F2 and F3 despite motorsport fans often enjoying seeing both categories racing on same weekends, as the Italian said; “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.”

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