Tommy Hill has announced he is launching his own new team - Tommy Hill Motorsport Team - into the MCE British Superbike championship in 2016 with title sponsorship from ePayMe.

The 2011 BSB champion will receive full backing from Yamaha next season for his brand new team in BSB which will race under the banner THM ePayMe Yamaha.

In a dramatic week, Tommy Hill's former team Be Wiser Kawasaki folded due to a lack of financial backing from sponsors which had been sparked by Hill's split with the team on the eve of round eight this season at Cadwell Park.

Hill says he's been working to set-up his own team for 2016 since the split with Be Wiser Kawasaki and is delighted to secure factory backing from Yamaha.

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"This project is something I have been working hard on over the past two to three months," Hill said. "To secure ePayMe payroll as the official team partner is great news and to be working in conjunction with Yamaha as a fully supported team is just the icing on the cake.

"I have had such a long career with Yamaha, starting with my first ever race bike when I was just six-years-old to winning the championship with Shaun Muir's team in 2011. We have had a long and successful relationship together and I hope this can continue.

"After setting up a team in MCE BSB last season I know what it takes, and that you also have to be realistic, but I have been able to take a huge amount of experience into this new project."

Hill also says he will announce his rider line-up in the coming weeks as well as securing other vital areas of the team and is optimistic for next season.

"I also have some great guidance and support from people who have been a huge part of my racing career and to have Yamaha and ePayMe support this new venture is just fantastic news," he said. "I still have lots to finalise in the coming weeks and months, but I hope to get everything in place as soon possible, so we can be prepared to hit the ground running."

Yamaha UK's Karl Radley says the Japanese manufacturer is excited to reconnect with Hill after the pair enjoyed a huge amount of success together, with Hill making his BSB debut with Yamaha in 2004 before claiming a famous title in 2011.

"Yamaha is really pleased to have the opportunity go into partnership with Tommy Hill Motorsport for 2016," Radley said. "Tommy has of course spent a good few of his racing years riding Yamaha machinery, including his stint in the R6 Cup and delivering Yamaha a fantastic British Superbike Championship win in 2011, so it is a real pleasure to be able to finally have him back in the fold, albeit in his new role as team manager.

"This is a new chapter in the Yamaha-Tommy Hill story, but we hope that it is only just the start of a new long term relationship that will see us continue the phenomenal success of the new YZF-R1 that we have seen in 2015."

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Ideal rider line-up... Iddon and Mossey...? Two quick guys with their careers ahead of them.