Formula 1 has renewed its Engineering Scholarship Programme for three academic years, committing more than £2.4 million through 2028/29.
The championship says ten new scholars will join in each of the 2026/27, 2027/28 and 2028/29 academic years. The programme covers tuition fees and living costs for students from underrepresented backgrounds and adds placements with Formula 1 teams, visits to the Formula 1 Media and Technology Centre and access to selected Grand Prix experiences.
The participating institutions are the University of Strathclyde, Imperial College London, the University of Cambridge, the University of Oxford and the Motorvehicle University of Emilia-Romagna in Italy. Formula 1 says 48 students have received support since the scholarship was established in 2021.
The renewal was announced with Formula 1’s first sport-wide Social Impact Report. That report combines 2025 activity from the championship, the FIA, all ten teams and 24 race promoters. Formula 1 reports that their education, STEM and community programmes reached more than 500,000 young people in 71 countries during the year. Those are figures published by the championship; MRI has not independently audited the underlying methodology or participant counts.
The scholarship is a direct workforce-pipeline investment rather than a short-term race activation. Formula 1 has not published the allocation of the £2.4 million between institutions, the value assigned to placements and experiences, student-selection contracts or retention outcomes after graduation.
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