Hot on the heels of Formula 1 and the FIA revealing a raft of guideline changes – consisting of the decrease of the advanced brand-new budget cap from $175 million to $145 million for 2021 – Renault have confirmed that they prepare to stay in the sport for the foreseeable future.

The team, which went back to Formula 1 in a works capability in 2016, have actually suffered problems in current times, losing star chauffeur Daniel Ricciardo to McLaren for 2021 after a 2019 season which saw them fall from 4th to fifth in the builders’ standings – while McLaren will also change to Mercedes power systems from next season, leaving Renault without a customer team to supply.