Two days after celebrating its 100th race win, Carlin Motorsport has revealed that it is one of the twenty-two proposed entries for the 2008 Formula One World Championship.

In a statement issued on Tuesday evening, Team Principal Trevor Carlin said: "We believe that the introduction of the new initiatives by the FIA in regard to sporting and technical rule changes for the future of Formula 1 have been designed to allow successful junior teams such as Carlin Motorsport to make the previously difficult step up to Formula One. The proposed cost reductions should bring the necessary budgets within our reach.

We are well underway with building an appropriate infrastructure and have firm commitments from key people who are experienced in F1 design, marketing, management and operations. They will join us if our entry is accepted.

We have also agreed the purchase of an established facility in the south of England, for design and specialist production and a composite facility near our base to handle the major workload.

We realise that there is considerable competition for the entry and the team's credentials are our success in racing. We are confident that the requisite finance will be available from our existing contacts if the entry is accepted."