Virgin Racing is a new team for a new era of Formula 1. It combines the firepower of one of the most recognised, respected and exciting brands in the world with a racing team concept that looks to exploit and capitalise upon F1's new economic dawn and the challenges of resource restriction that is redefining the sport.

Virgin Racing also heralds a new breed of team ownership. Designer Nick Wirth returns to F1 after a decade, having enjoyed remarkable success in Indy Racing and Le Mans sports car development in the USA with his innovative and low-cost design approach. As Technical Director for Virgin Racing, Nick will apply the expertise, experience and resources of his progressive engineering group, Wirth Research, to the research, development, design and manufacture of F1's first all-digital car design - the Virgin-Cosworth VR-01. Based in the heart of the UK's motorsport valley in Bicester, Wirth Research has gained an international reputation for pioneering a purely CFD (Computational Fluid Dynamics) approach to car development, wholly designing, building and testing race cars in computer simulation without the need for expensive and resource-heavy wind tunnel testing.

Nick has joined forces with one of the very best names in national and international motor racing, John Booth, whose Manor Motorsport operation in the North of England achieved unrivalled Formula 3 success and played a major role in the development of several of today's greatest motor racing talents. Former F1 Champions Kimi Raikkonen and Lewis Hamilton both graduated from the John Booth school of excellence. John brings 20 years of motor sports pedigree to the Virgin Racing team and in the role of team principal, he will lead the 45-strong race team - a team that is lean and mean consistent with the sport's new resourcing limitations.