Bumper prize fund for Formula 3 Euro entries
The Formula 3 European Championship has increased its end-of-year prize fund to €500,000 (£425,948), with €100,000 (£85,190) allocated to help its title-winner move into “another FIA championship”.
In addition to the €200,000 (£170,379) rookie prize fund introduced last year, the series has announced that a further €200,000 will trickle down to series teams “according to a performance distribution scale”.
The champion gets €100,000 towards their following season, but it can only be spent on another FIA series.
A European F3 spokesperson told MN’S sister publication
Motorsport.com that at present that prize could not be taken towards a GP2 or GP3 budget as neither was an FIA series – though a rebranding of GP2 as FIA Formula 2 is believed to be on the cards.
FIA single-seater commission president Stefano Domenicali hopes the prize fund revamp will help young drivers progress on merit. “The general economy makes it necessary for us to continue to work on the value of the championship,” he said.
European F3’s rookie prize fund – €100,000 for the top newcomer and €50,000 each for second and third place – was only payable if drivers stayed in the series.
Prospects will have a big prize pot