F1 commits more than £2.4m to extend engineering scholarship to 2028/29

Formula 1 has committed more than £2.4 million to extend its Engineering Scholarship programme for a further three academic years, through 2028/29. The extension was announced alongside publication of its first sport-wide Social Impact Report.

Launched in 2021, the programme has supported 48 students from underrepresented backgrounds. It covers tuition fees and living expenses and provides placements with F1 teams; a further 10 students will join each year over the next three years.

The report says more than 500,000 young people across 71 countries benefited during 2025 from education, STEM and community outreach initiatives. Its findings bring together contributions from F1, the FIA, all 10 teams and 24 race promoters.

The report also highlights more than 1,000 skills and talent development opportunities, while over 29,000 schools participate in STEM Racing each year.

F1 says it intends to expand its existing programmes and strengthen how their impact is measured and reported.