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$50,000 FORPARK AUSTRALIA FORMULA 3 SCHOLARSHIP ANNOUNCED $50,000 will be awarded to a deserving young driver at the conclusion of the 2011 Formula 3 Australian Drivers championship following the announcement today of the Forpark Australia...

$50,000 FORPARK AUSTRALIA FORMULA 3 SCHOLARSHIP ANNOUNCED

$50,000 will be awarded to a deserving young driver at the conclusion of the 2011 Formula 3 Australian Drivers championship following the announcement today of the Forpark Australia Formula 3 Scholarship.

Forpark Australia, a family owned Australian company, has been manufacturing and supplying playground equipment and park furniture to local government, education and commercial business throughout Australia since 1979.

Their slogan 'Helping young Australians grow' offers perfect synergies with Formula 3 and it's position as the world's leading formula for developing young driving talent.

The Forpark Australia Scholarship will involve drivers under the age of 23 racing in the Formula 3 National Class, eligible for 1999-2004 model F3 chassis.

To be eligible for the award, drivers must commit to racing the full season. A judging panel made up of Forpark Australia representatives, key V8 Supercar team owners, Formula 3 Management, Formula 3 Championship ambassadors and selected media representatives will select the Scholarship winner at the conclusion of the season.

The winning recipient the driver best judged on a set of criteria including Speed and Performance, Technical feedback, Fitness, media performance and a likelihood to succeed in a professional career.

The judging panel will be in place from the beginning of the season to assess drivers throughout the year, with the scholarship recipient receiving a $50,000 fund towards a championship-class drive in the 2012 F3 Australian Drivers Championship.

Forpark Australia owner Mr. Darryl Hansen said his company was proud to be supporting an initiative that backed young talent looking towards the future.

"For over thirty years, Forpark Australia has been building and supplying playground equipment for use by thousands upon thousands of young Australians. The Forpark F3 Scholarship is our way of providing a slightly different kind of playground for the next generation of racing drivers," Mr. Hansen said.

"We are very excited to be supporting this innovative concept that will invigorate and grow the Australian Formula 3 Championship as it seeks to find the next racing star.

"As a regular competitor and enthusiast of the sport, I am personally looking forward to meeting the young drivers who will be eligible for the Scholarship and following their progression next season, and onwards."

At a time when young Australian drivers, in particular, require as much support as possible to progress their racing careers, Formula 3 chairman Ian Richards said the Forpark Australia Scholarship helped to address that need.

"The announcement of the Forpark Australia F3 scholarship shows Formula 3's commitment to giving young drivers every opportunity to proceed through the ranks of Australian Motorsport," Formula 3 Australia chairman Ian Richards said.

"With Forpark Australia's support we will now have the opportunity to reward and recognise a group of young drivers who will be assessed by a group of industry people from within the series and from some of the major teams within V8 Supercars.

"The $50,000 scholarship will help the winning recipient - who best fulfils the criteria as judged by our panel, contest the outright, 2012 F3 Australian Drivers Championship in a championship class car.

"The success of Australian F3 graduates like Will Power, Michael Caruso, Karl Reindler and Tim Slade has shown that success in this series can lead to a fantastic career in the sport at the highest level."

Drivers interested in competing for the 2011 Forpark Australia F3 Scholarship can download a comprehensive information package from the official website of Formula 3 Racing in Australia.

Further details including a series calendar will be announced in the near future.

-source: formula3.com.au

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Series F3
Drivers Michael Caruso , Tim Slade , Karl Reindler