PREMA Racing have retained Oliver Bearman for the 2024 Formula 2 season, announcing that their partnership with the Ferrari Academy junior will continue for a third consecutive campaign.

Bearman’s relationship with the Italian team began in 2022, where the Briton scored one win and eight podiums on his way to finish third in Formula 3. Graduating to the second tier this year, he delivered an impressive rookie campaign, earning four wins and three pole positions to finish sixth overall.

Looking ahead to his sophomore season, Bearman says he’s looking forward to building on the rapid progress he has made over his two years with them.

“I’m really happy to be joining PREMA Racing again in Formula 2. I’ve come a long way as a driver and as a person these two years thanks to them, and I’m excited to continue the work we have been doing into next season.”

The 18-year-old has already made history on his path up through the single seater ladder since his debut campaign in 2020. In 2021, he became the first driver to clinch both the ADAC and Italian F4 Championship titles before earning a promotion to Formula 3.

PREMA Racing Team Principal René Rosin added: "It is great to have Ollie back with us for another year after the great seasons he had with us so far. The way he adapted, improved, and developed is outstanding, and we cannot wait to see what this progress will take us further down the road. We also think that the experience he had this year will help him and the team in adapting to the new car. It's definitely going to be an interesting and promising experience.”