F2 and F3 announce cost-cutting measures for 2021 | F1 News by PlanetF1

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

Both the F2 and F3 World Championships will be held at fewer venues in 2021, subject to approval from the World Motor Sport Council, in order to decrease costs for the teams involved.

There will also be three races per event and eight rounds on the F2 2021 calendar, making up a 24-race schedule. In F3, it will be seven three-race rounds to make up a 21-race calendar.

All F2 and F3 races will be held on the same weekend as F1 races, but F2 and F3 races will now not be held on same weekend together.

BREAKING: New changes are coming to #F2

๐Ÿ”น Three races per weekend
๐Ÿ”น Eight rounds in 2021
๐Ÿ”น F2 and F3 to be on separate weekends#RoadToF1 pic.twitter.com/cwLUD50H9I

— Formula 2 (@FIA_F2) November 6, 2020

Other cost-cutting measures announced are a decrease in costs of engine leasing and some spare parts, logistic and freight costs will also be decreased and the specs involved in the current iteration of F2 and F3 cars are to stay the same until 2023.

That latter element is also subject to approval by the WMSC.

More races, fewer costs, same incredible championship ๐Ÿ™Œ

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

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.”

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