Lincolnshire racing driver Jack Harvey will be joined in the Schmidt Peterson Motorsports team by former Formula 1 world champion Jacques Villeneuve this season.
Harvey, from Bassingham, will race in the US-based Indy Lights championship, the feeder class to IndyCars, where Schmidt also run.
Villeneuve, who won the F1 title in 1997 following a memorable battle with seven-time champion Michael Schumacher, has signed to race for Schmidt at the Indy 500 – the most illustrious race in IndyCars.
The French Canadian is no stranger to IndyCars, having won the CART championship and the Indy 500 in 1995 before moving to F1 with Williams the following year.
"The discussions happened at the right time," said Villeneuve, 42.
"I had been watching the IndyCars last year and it looked extremely exciting, to the point where I was angry and jealous that I wasn't racing."
Villeneuve will join Schmidt’s full-time IndyCar drivers Simon Pagenaud of France and Russia's Mikhail Aleshin for the Indy 500 in May.
He is one of only three drivers, alongside Brazil's Emerson Fittipaldi and American Mario Andretti, to have won the CART Championship, the Indianapolis 500 and the F1 World Championship.
Meanwhile, Harvey begins his Indy Lights campaign in Florida at the end of next month.