Nicolas Hamilton will not compete in the remaining British Touring Car Championship rounds as a result of sponsorship issues.

Hamilton – who has returned to the BTCC this season after a three year hiatus – nearly missed out on competing in the last round at Knockhill as a result of a sponsor pulling out, but his main partner, Rokit stepped in to finance his entry.

But, he has struggled to obtain the required finances to compete in the remaining races and has decided to take a step back for the rest of the year with a view to returning to the series next season.

In a statement released by Hamilton on social media, he said: “Having competed in all 8 of the BTCC race events so far this year, I have decided to step back from the final 2 rounds of the season, to regroup & come back stronger next year.

“Many thanks to all of my partners for making this year possible, particularly ROKiT & to all who showed their support.

“I have proven a lot to myself & to all that ever doubted me.

“See you in 2020, where I will be hungrier & stronger than ever!”

Hamilton has spent the season racing for Motorbase Performance and currently sits at the bottom of the championship, having failed to score a point this season.

Speaking about Hamilton’s withdrawal from the series, Motorbase Performance Team Principal David Bartrum commented: “It’s an unfortunate end to what has been a very positive season for Nic;

“We’ve been on a truly unique journey together this year, and I’m sad that we won’t have the opportunity to complete it.

“It has taken a huge amount of effort, hard work, and determination from Nic to reach the BTCC grid;

“I think he’s shown that he’s a very capable driver, and surprised people along the way.

“Everyone at Motorbase Performance wishes him the very best with his journey and future motor racing career.”