Eurotech Racing's Daniel Lloyd has announced his immediate withdrawal from this season's British Touring Car Championship action after failing to secure the appropriate financial backing.

The 24-year old rookie has been driving the Eurotech squad's third Honda Civic Type-R for the past three BTCC weekends, debuting in the series back at Thruxton.

In just three appearances for the former BTCC title winning outfit, Lloyd has made quite an impression after achieving two successive front-row grid slots at Oulton Park and Croft.

However, talks with a 'major sponsor' in securing funding for the remainder of the year subsequently fell through, meaning Lloyd's foray in the BTCC ends, for the time being.

"I'm absolutely gutted to be missing the second half of the season," said Lloyd. "We have been in talks with a large sponsor since the start of the season and all of the plans we were in place for funding for the remaining rounds right up until last week, but then unfortunately it all fell through at the last minute."

"It's a pretty bitter pill to take especially after the results we've had in the three rounds we've competed in. The guys at Eurotech Racing have been awesome.

"I'm really grateful to Jeff Smith for giving me the opportunity to race for the team and also to the lads behind the scenes for giving me a mega car capable of qualifying on the front row, not just once, but twice in a row."

Lloyd had been heading into the second half of the campaign with high hopes after enjoying a productive two days of running at the Snetterton tyre test last month.

"Confidence was really high looking ahead to Snetterton this weekend" Lloyd continued. "We had such a great couple of days at the Dunlop test last month.

"We made really big steps forward with the car and I think we would have gone into the second half of the season in really good form. Everyone has worked really hard on track and away from the circuit and it's such a shame that we can't carry that on.

"I've enjoyed every minute of racing in the BTCC and will be working harder than ever to get back onto the grid."