Manor GP boss John Booth admits that the FIA's drive to reduce the costs involved in F1 was the main reason behind the decision to chase a place on the grid for the 2010 season.

Manor, best known for its success in F3 in recent years, will run under the Virgin Racing banner for its debut season in the sport after securing sponsorship from Richard Branson's Virgin Group, with Timo Glock and Lucas di Grassi now confirmed as the driver line-up following a launch event in London.

While he admits that he never had ambitions to make it all the way to F1, Booth insisted that the team was fully focused on being successful when it joins the grid, with the early objective being to emerge as the leader amongst the new additions to the grid.

"I've never had any ambitions to be in Formula 1, purely because it was so out of reach," he said. "The FIA in their wisdom quite rightly decided to introduce some sort of cost restriction. At the same time as making Formula 1 more affordable for its current competitors, it opened up our own horizons and that of other teams.

"I think Nick is a design genius and I have absolute faith in his ability to design a fantastic car. In turn he has the belief in our ability to run it. There is already a great chemistry within the team and this is inspiring a lot of confidence. We've kept our heads down for the last few months and just got on with what we needed to do, but now people are starting to see what we are achieving.

"In 2010 my idea of success is to run reliably, safely and efficiently and earn the respect of our peers in the paddock. We need to perform well as a team. Then we can start carrying that through into car performance. Our clear objective is to end the season as the best of the new teams."

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