Honda says it is "making steady progress" developing its new power unit ahead of its return to F1 in 2015.

It was announced last year that Honda would return to F1 as engine supplier to McLaren in 2015, opting to re-join a year after the new engine regulations were introduced. In a press release outlining Honda's motorsports program for the coming year, the engine manufacturer said it has been strengthening its facilities ahead of its return.

"For the FIA Formula One World Championship (F1), which Honda will rejoin in the 2015 season, the company is making steady progress in developing the power unit," the statement read.

"In January 2014 Honda moved its motor sports development base from the Automobile R&D Center of Honda R&D Co., Ltd. (at Haga-machi, Haga-gun in Tochigi Prefecture) to a newly situated area in its facility in Sakura City (also in Tochigi), in a move to further strengthen its development organization for F1 and other races.

"At Honda's European base for F1 activity in Milton Keynes, U.K., installation of the dynamo and assembly facilities will be completed in June 2014 to further reinforce the already solid setup in preparation for racing."

2014 marks the final year of McLaren's contract with Mercedes as its engine supplier, with the team setting the fastest time of the first pre-season test at Jerez last week.

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