F1 commits £2.4m to engineering scholarships through 2028/29

Formula 1 has published its first sport-wide Social Impact Report, reporting that more than 500,000 young people across 71 countries took part in programmes during 2025. The announcement also confirms more than £2.4 million in renewed funding for its Engineering Scholarship Programme through the 2028/29 academic year.

Scholarship will support ten new students each year

The scholarship, launched in 2021, covers tuition fees and living costs for students from underrepresented backgrounds. It has supported 48 students so far, including ten awarded places in 2025.

A further ten students will join each year from 2026/27 to 2028/29. They will study at the University of Strathclyde, Imperial College London, the University of Cambridge, the University of Oxford and MUNER in Italy.

Alongside financial support, scholars can access placements with F1 teams, visits to the Formula 1 Media and Technology Centre, exposure to the technology behind the cars and experiences at Grand Prix weekends. The programme is intended to address financial barriers and improve access to opportunities in higher education and motorsport.

For more on the people shaping technical careers in the paddock, read F1LivePulse’s coverage of Cadillac’s engineering leadership appointments and Jock Clear’s Ferrari exit.

Report gathers work across the sport

The report brings together the 2025 social-impact work of Formula 1, the FIA, all ten teams and 24 race promoters. It follows the sport’s first Diversity and Inclusion Charter, signed by Formula 1, the FIA and the teams in 2024. Cadillac joined the charter from the 2026 season, when it entered the sport.

Among the report’s other figures, more than 1,000 skills and talent-development opportunities were highlighted, while more than 2,500 young people took part in activities at Formula 1 events. The STEM Racing initiative involved more than 29,000 schools, and the British Council’s Learning Sectors programme worked with more than 150,000 students across four countries.

The report also references recommendations from The Hamilton Commission, launched by Lewis Hamilton and the Royal Academy of Engineering in 2021. Formula 1 says it plans to expand programmes including Learning Sectors and the F1 Allwyn Global Community Award, while strengthening how it measures and reports their results.

The renewed scholarship and the report’s wider findings place education, access and talent development at the centre of the sport’s stated social-impact work.