 The FIA tender to supply and operate the Championship was awarded to the British MotorSportVision Racing company, owned by former Formula One racer Jonathan Palmer.Compared to rival series such as GP2 and Formula Renault 3.5, Formula Two cost significantly less per season whilst allowing drivers to prove their skill and develop their racecraft, in identical vehicles designed by a six-man team from WilliamsF1, led by Director of Engineering Patrick Head.The F2 vehicles were assembled and prepared between races at MotorSport Vision's Bedford Autodrome facility, prior to each championship event.