The championship — which would be for younger drivers aged 16 to 22 — is planned to run alongside the similarly all-female W Series, Sky Sports reports.
"I think there are definitely sponsors that jump on board because it is unique to sponsor a girl and they will get a lot of attention — but what it takes is that belief and faith that they are going to make it all the way to the top.
"There are plenty of men that don't make it all the way so they just need to be at the right place at the right time and be given good opportunities with a good car.
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