By Editor on Wednesday, November 21, 2012

Force India is set to receive a financial boost ahead of the 2013 season.

The team is set to finish seventh in the 2012 championship, although co-owner Vijay Mallya is targeting moving further forwards.

“We’ve scored more points than in any previous season and every year we’ve demonstrated that we’ve gone up the ladder”, he said.

“We’ve taken fairly significant steps, not just baby steps. Given the tools that we have, which are mostly of the Jordan era, we have done exceptionally well”.

The Silverstone based team is set to receive a boost in the region of £50m.

“We had a board meeting in India after the Abu Dhabi Grand Prix and the board has approved a £50 million capital investment programme for the team. We are going to invest heavily in new technology and give more tools to our design team to try and move further up the grid”.

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