The Sahara Force India F1 team will benefit from a £50 million investment programme ahead of F1 2013.
Confirmation comes ahead of this weekend's 2012 season finale in Brazil, with boss Vijay Mallya promising the money will be spent on 'new technology' as the squad looks to make further progress and continue clawing its way up the pecking order.
“We had a board meeting in India after the Abu Dhabi Grand Prix and the board has approved a £50 million capital investment programme for the team,” he confirmed. “We are going to invest heavily in new technology and give more tools to our design team to try and move further up the grid.”
This season Nico Hulkenberg and Paul di Resta have combined to score 99 points in total, the squad's biggest year haul to date and while that looks like it won't be enough to retain sixth place in the Constructors', with Sauber 25 points ahead going to Interlagos, Mallya remains happy.
“Looking back at the season so far, we have every reason to feel proud,” he added. “We've scored more points than in any previous season and every year we've demonstrated that we've gone up the ladder. And we've taken fairly significant steps, not just baby steps.
“Given the tools that we have, which are mostly of the Jordan era, we have done exceptionally well.”
So what about this weekend?
“We hope that Nico will be able to pull off what he did for Williams in 2010 [namely pole position]. That's what is needed if we want to catch Sauber!” Mallya admitted.
“Otherwise I hope we can end the season with a strong result. Two cars in the points would be nice.”