Formula Two, abbreviated to F2, is a type of open wheel

Open wheel car

Open-wheel car, formula car, or often single-seater car in British English, describes cars with the wheels outside the car's main body and, in most cases, one seat. Open-wheel cars contrast with street cars, sports cars, stock cars, and touring cars, which have their wheels below the body or fenders...

 formula racing

Formula racing

Formula racing is a term that refers to various forms of open wheeled single seater motorsport. Its origin lies in the nomenclature that was adopted by the FIA for all of its post-World War II single seater regulations, or formulae. The best known of these formulæ are Formula One, Formula Two, and...

. It was replaced by Formula 3000

Formula 3000

The Formula 3000 International Championship was a motor racing series created by the Fédération Internationale de l'Automobile in 1985 to become the final preparatory step for drivers hoping to enter the Formula One championship...

 in 1985, but the FIA announced in 2008 that Formula Two would return for 2009

2009 FIA Formula Two Championship season

The 2009 FIA Formula Two Championship season was the first year of the relaunched FIA Formula Two Championship. The championship began on May 30 at the Circuit de Valencia and finished on November 1 at the Circuit de Catalunya, after eight double-header rounds...

 in the form of the FIA Formula Two Championship

FIA Formula Two Championship

-Chassis:Named after both Jonathan Palmer and Patrick Head, the Williams JPH1 chassis and survival cell is of carbon fibre composite monocoque construction. The car was designed to comply with 2005 FIA F1 Safety Regulations. Head protection conforms to the latest 2009 F1 standards...

. The goal is to develop a low-cost series to allow young drivers a chance to compete in the highest tiers of motorsport.
While Formula One

Formula One

Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...

 has generally been regarded as the pinnacle of open-wheeled auto racing, the high performance nature of the cars and the expense involved in the series has always meant a need for a path to reach this peak.