 It was a revival of the former European Formula Two Championship that was previously run from 1967 to 1984.Organised by MotorSport Vision, drivers competed over 16 rounds at eight venues, in identical cars built by Williams F1, with 400 bhp engines developed by Mountune Racing and supplied by Audi.Formula Two was revived due to the Fédération Internationale de l'Automobile's concern that the cost of competing in motor racing at a level to progress directly to Formula One was becoming unreachable for many participants, and the category was re-introduced as a lower-cost alternative for drivers.