from Formula 1 It announced a series of scholarships, apprenticeships and training for underrepresented groups as part of its plans to increase diversity in sports. A $1 million budget was launched by Non-Executive Director Chase Carey to support the initiatives.
First, scholarships will be awarded to ten students from underrepresented groups. Each scholarship covers the full cost of tuition fees and includes a living allowance. In addition, all F1 teams have committed to offering internships to students. The participating universities represent different regions in the UK and Italy.
As an organisation, Formula 1 itself will also provide two students with a place to learn as part of the apprentice programme. The focus will be on mechanical engineering. Furthermore, six courses will be offered across the F1 Foundation. These will be aimed at marketing and media, among others. All places are reserved for people from underrepresented groups.
Domenicali is pleased with this initiative
Stefano Domenicali, President and CEO of Formula 1, was pleased with the plans, saying: “We want to be as diverse as our fan base, and so we are taking action to ensure that talented people from underrepresented groups have the best opportunity to develop a great career building in this wonderful sport. I am happy to announce that scholars, students and trainees will have the opportunity to realize their dreams in Formula 1.’
“I would like to give a special thanks to Chase, whose generous donation funds the 10 grants. I would also like to thank all the teams for their commitment to this project and the work of the Hamilton Commission shows their commitment to addressing diversity issues in Formula 1. The entire sport is united to commit to diversity, inclusion and sustainability in the years to come.