Cosworth may not come back to Formula 1 as an independent engine supplier on their own and may think about it if they get external backing.
F1 had invited the British engine maker along with many other manufacturers to be a part of the consultation process for the 2021 new engine regulations.
The engine maker is keen to come back and race in F1 but only if they can get an external investment or a primary sponsor who can make it financially workable for them to take part.
Speaking in an interview on the main stage at Autosport International, Cosworth managing director Powertrain Bruce said: “First off, we’d love to be there,”
“It’s been reported quite widely that we’ve been heavily involved in the ongoing current discussions.
“Where we sighted it from the beginning is that it’s unlikely you will see a completely independent Cosworth on the ‘if you build it they will come’ [basis]. That’s unlikely because I think the economics of that are hard to make work.
“We certainly hope that we might be there partnered with a small OEM that’s willing to make what hopefully a new regulation will enable being a much small financial commitment to get into F1.”
Among the other engine makers in the discussions, Aston Martin is evaluating an engine concept for the new regulations.
Most of the new engine makers hope that F1 will help bring down the cost of developing a new engine by implementing strict budget caps, making it easier and cheaper for new companies to come to F1. They are also hoping F1 will remove the expensive heat-based energy recovery system that could bring down the costs significantly.
“It’s no secret that the level of technology currently in F1 is quite prohibitive, even to somebody like Cosworth with our background getting into it because there are so many elements that are absolutely cutting edge.
“The heat energy recovery would require tens of millions of investment.
“The rules as they are being proposed would certainly technically facilitate Cosworth coming back into it and will bring down the cost barrier to entry to the point where there’s a lot more OEMs, or not necessarily car manufacturers but other sponsors, see Formula 1 as something they can bring into their sorts of budgets.”