Jolyon Palmer has said he is looking at the bigger picture by joining Lotus as their third driver for the 2015 F1 season.

The 2014 GP2 champion has been announced as Lotus's reserve driver and will be ready to stand in for either Romain Grosjean or Pastor Maldonado if needed. Palmer will work with the Lotus engineers in the simulator and is expected to drive in some free practice 1 sessions.

"It's certainly a change," Palmer said, "Understandably, I'm a bit sad that I won't be competing as racing is my favourite part of being a driver, but I have to look at the bigger picture.

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"With no race seats available this year, I will still be driving a Formula 1 car, I'll be part of a prestigious team, one that will move forward, and my goal is to have a year out of racing now, working to be racing in Formula 1 in 2016."

The British racer, who joined Lotus on his 24th birthday, says he is delighted to work with such a prestigious team and thoroughly impressed with their Enstone headquarters.

"It's really impressive and you can see when you're here that this is a team that has won championships. You can tell the professionalism and the motivation just when you walk around. You know that some fantastic drivers have been part of the make-up here. It's a really good feeling to now be part of this."

The GP2 champion came to Lotus's attention while testing with Force India at the end of last season and the young driver still has ambitions of racing at the top level.

"It's the dream to be with a Formula 1 team and now I can say I am a Formula 1 driver," he said. "To have a full role with a team like Lotus is an amazing opportunity. Working as a Third Driver is the next best thing to being a race driver."