Formula 1 to launch diversity foundation to fund apprenticeships & scholarships
By Andrew Benson
Formula 1 is setting up a foundation to fund apprenticeships and scholarships to increase diversity in the sport.
The foundation has a start-up fund of $1m (£804,000), which has been provided personally by F1 chairman and chief executive Chase Carey.
The fund will grow with contributions from others, both within and outside the sport.
F1 and world governing body the FIA are to instigate a plan to promote drivers from diverse backgrounds.
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