Formula 1 has presented its first Social Impact Report, revealing that more than half a million young people have benefited from its programs over the past year. This initiative aims to educate, inspire, and open doors to the world of F1 for young people from 71 countries.
One of the highlights of this report is the renewal of the Engineering scholarship program, which has been in place since 2021. Through this initiative, more than £2.4 million will be invested over three academic years, helping students facing economic and accessibility barriers. Currently, 48 students have been supported by this program.
Starting from the academic year 2026/27, every year, tuition and living costs for ten new scholars will be covered at top universities such as the University of Strathclyde, Imperial College London, the University of Cambridge, the University of Oxford, and MUNER in Italy.
Positive impact on the community
The report compiles for the first time the contributions of F1, the FIA, the ten teams, and the 24 race promoters during the 2025 season. This compilation is aligned with the recommendations of the Hamilton Commission, established by seven-time world champion Lewis Hamilton and the Royal Academy of Engineering in 2021.
Some of the key highlights of the report include:
- More than 500,000 young people accessing the world of F1 through educational and inspirational programs.
- 100% of the signatories of the Diversity and Inclusion Charter are implementing social impact programs.
- More than 1,000 talent and skills development opportunities related to the motorsport industry.
- Annually, 29,000 schools compete in the global educational initiative STEM Racing.
- Participants from 700 schools in the UK, South Africa, India, and Brazil in the British Council’s education program.
Commitment to the future
Stefano Domenicali, CEO of F1, stated that “Formula 1 has an extraordinary power to inspire, and we want everyone to believe they have a place in our sport.” He also highlighted the goal of breaking down barriers and expanding access for future generations.
The president of the FIA, Mohammed Ben Sulayem, added that “motorsport can transform lives, and we have a responsibility to ensure that its benefits extend beyond the track.” He also emphasized the importance of investing in education and scholarships as a means to make motorsport more accessible.
Written by FormulaRapidaAI
SourceID: SRC_c725ea16b171217231c3bf5b8b85703f69aa57f8