Quinn, who owns both the Highlands Park and Hampton Downs circuits in New Zealand, has pledged NZ$50,000 per year for the next 20 years to the fund, which helps local talent take part in the Toyota Racing Series.

Earlier this year, the newly-form fund provided backing for Brendon Leith, James Munro, and Taylor Cockerton.

“I’ve made a commitment for next 20 years to develop young New Zealanders in motorsports,” said Quinn.

“Look at what our young stars are doing on the world stage at present – they have done it with some help from some fantastic people and organisations like Toyota, but there’s not enough help. I want to see it be better, more organised and more sustainable.

“I admire what Toyota is doing for the future development of Kiwi racing drivers with the Toyota Racing Series and I will be encouraging members at Highlands and Hampton Downs to get involved too.

“There is a depth of natural talent in New Zealand that is fostered on many different levels around the sport to create something incomparable around the world – is there something in the water? I feel as guardians of the sport, we should be doing what we can to assist these young Kiwis and their journey to the world stage.”

TRS graduates include Le Mans winner Earl Bamber, World Endurance Champion Brendon Hartley, GP2 star Mitch Evans, and V8 Supercars race winner Shane van Gisbergen.