European F3 boosts prize fund to €500,000
15 February 2017 – European Formula 3 organisers have outlined an expansion to the category's prize money incentive for rookies, with teams and other drivers to be included from the 2017 season.
In 2016, the FIA handed out significant financial rewards to the top three rookies; €100,000 went to the champion, while €50,000 each went to the drivers in second and third.
For the upcoming campaign, in addition to the existing €200,000 rookie prize money pool, a further €300,000 will be made available for the standard Drivers' and Teams' championships.
€100,000 will be given to the champion, if they move on to another FIA series, while the remaining €200,000 will be shared among the teams "according to a performance distribution scale".
Stefano Domenicali, head of the FIA Single-Seater Commission, welcomed the move.
"The general economy in single-seater racing makes it necessary for us to continue to work on the value of the championship for drivers and teams," commented the former Ferrari team boss.
"With the prize money incentive, which has already been awarded to the rookie drivers last year and will extend to the teams this year, we want to establish some financial assistance for our competitors.
"Teams will be able to broaden their search and offer seats to young talents who might lack some funding.
"The amount provided will not only be funded by the FIA, but also by the series sponsors and the promoter of the FIA Formula 3 European Championship, the Formel 3 Vermarktungs GmbH."
European F3 recently outlined new sporting regulations for the 2017 season.