F1 on Thursday launched the #WeRaceAsOne initiative as they seek to tackle the issues of racism and inequality within the sport.
They said: “We announced earlier this week we will be establishing a Task Force to listen and identify the right initiatives required to increase diversity and inclusion across Formula One.
“The Task Force will be established over the next few months and will include input from the drivers and teams, as well as external diversity and inclusion experts.
“The Task Force will be specifically focused at identifying the employment and education opportunities for under-represented groups across Formula One, including STEM careers, and the required actions to address these findings.
“Alongside the Task Force we will also take initial action to create a foundation to finance primarily, but not exclusively, internships and apprenticeships within Formula One for under-represented groups to ensure they have the opportunity to fulfil their potential and have access to a promising career in the sport.
“The initial start-up funding for this foundation will be $1m and will be provided in full by a personal contribution from Formula One Chairman and CEO, Chase Carey.
“We hope that the funding will grow over time to support more interns and scholarship opportunities in the future.”
Carey said: “We want to ensure we give people from all backgrounds the best chances to work in Formula One regardless of their gender, ethnicity, sexual orientation, or physical abilities.
“We are therefore also taking the initial step of creating a foundation to support key educational and employment opportunities across Formula One that will give under-represented talent the chance to work in this incredible sport and build an exciting career.”
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