Formula UK will race with Rodin RZed chassis, which is based on the Lotus T125, a Formula 1-inspired car intended for private racing leagues.

The organisers claim that Formula UK cars will produce more downforce than the Dallara GP2/11, which is currently used by GP2.

Powering the Formula UK cars will be a new 4.0-litre, V10 engine that churns out 640 horsepower.

The inaugural season will kick off on December 3rd next year with the seventh and final round taking place on March 4th in 2018.

A round is set to consist of a qualifying, two sprint races and a 50-minute feature race, all held on the same day.

The car/engine package, combined with related equipment, will be available at a cost of £300,000.