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Force India set for £50m investment
Vijay Mallya has revealed that Force India will receive a £50 million "capital investment programme" to try and progress up the grid.
Force India has up to now had a multi-million pound technological partnership with McLaren which expires at the end of this season. However, having sold 53.4% if his United Spirits company to Diageo for $2 billion (£1.25bn), Mallya has confirmed that Force India will receive major investment "in new technology" to help it progress.
"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," Mallya said. "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."
Mallya added that the improvement shown by the team year-on-year so far was "exceptional" with the tools it currently has at its disposal.
"Looking back at the season so far, we have every reason to feel proud. 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."