Ignition Credit has secured a lucrative new deal with the Formula Renault UK Championship.
The Truro-based company is providing the financing for a sizable part of the field for the motor sport event.
Simon North, promoter for Formula Renault, said: “Ignition Credit was recommended to me and they’ve put together an excellent financing package at a very competitive rate. The money has secured around half of the field of twenty cars, no mean feat in such a difficult financial climate.”
The Championship was founded over 20 years ago and attracts tens of thousands of spectators and national television coverage.
It’s long been a breeding ground for young drivers and is renowned for helping them in the first steps of their professional racing career – Lewis Hamilton, for example, won the title in 2003.
Alan Tutte, managing director of Ignition Credit, said: “We are extremely pleased to have been given the opportunity to get involved and are delighted that is has given us the chance to show just how flexible we can be when it comes to finding the right deal for each and every individual opportunity.”
“I’m sure we’ll all be following the season with interest and we wish Formula Renault well for a safe but speedy championship ahead.”