Following a three-week break, the FIA Formula One World Championship returns to action with the 12th of the 18 round series, and a completely new event: the European Grand Prix, to be held on the streets of the vibrant city of Valencia.

The city's marina, which also played host to the America's Cup last year, will be converted into a temporary street circuit. The race will be the first new event on the calendar this year, and the second of three street course races that will be used in 2008.

We're now in the second part of the season, what will the team's goals be for this period?
Dr Vijay Mallya, chairman and managing director: The seamless shift gearbox will really be our last development for 2008 and we will now shift our focus to 2009 in the second part of the year. There will however still be opportunities up for grabs and we need to look to maximise them now. Really what Force India has proved is that we look competitive in race conditions and, under the right circumstances, can pick up points if the chances come our way. We've performed well on street courses too, and with two in the final part, this could be a good opportunity for us. We need to look for a 100% reliability rate to ensure that whenever these chances come our way we are really able to take advantage.

So there are still chances in 2008; how will the resources for 2008 and 2009 be divided?
VM: Although 2009 is a big opportunity, there are still points up for grabs this year. We've got some good potential chances coming up and if we take our eye off the ball we could miss out on getting some good finishes. That said, work for 2009 will step up immensely towards the end of the season so we can make sure we are ready.

The championship is now going to Valencia for the first time. Are you excited by this prospect?
VM: Yes, of course, I think Valencia should be a great venue for a race, like a little Monaco. I've seen the plans for the circuit and it looks like it should pass through some of the newest parts of the city. I think it should be some sight to see the cars going past the marina and the boats, very reminiscent of the Principality. I think it will be a great event for the team, fans and sponsors.

What has the team been up to in the three week break?
Colin Kolles, team principal: The three week break is actually an opportunity for the race team to take some time off as it's been a very busy few months with the testing and racing. With the season being 18 races this year, it's a long season and it's good to take time off while it's a bit quieter. We didn't completely shut down though - following the tests and running of the seamless shift box in Hungary, we've gone over the data and are making sure we are fully prepared for its introduction under race conditions in Valencia. We also took part in the Rotterdam Racing event, which was great fun for the team and the drivers.

Valencia will be a new event, what are your views on the new events on the calendar?
CK F1 needs to keep itself fresh so of course it's good to introduce it to new markets with new potential marketing and commercial opportunities. Although Spain has long had a race, this is a completely new venture for the sport, with a street race round a very recognisable, vibrant city looking to make its mark on the world stage. As such it's an opportunity to attract new brands and fans into the sport.

Valencia is another street race, one of three on the calendar. Do you think F1 needs more races like this?
CK I think I won't be alone in saying everyone loves street races as they are much more immediate. Seeing how fast the cars can get on the streets you drive every day really puts the speed and the accuracy needed into perspective. The races are also much more unpredictable as the guardrails are so close so anything could happen. I think Valencia could become a real classic.

The seamless shift gearbox ran on Friday in Hungary, and will race in Valencia. What was the rationale behind this?
Mike Gascoyne, chief technical officer: We tested the gearbox for the first time at a shakedown in Silverstone, and then again for three days in Jerez, but for such an important component, it really isn't enough to be able to validate it. Running it on Friday in Hungary gave the opportunity to conduct further testing, plus we avoided the penalties of changing gearboxes in the middle of a four race cycle. The 'boxes we used in Hungary were three races into the four race cycle, and changing them would have incurred a grid penalty. It made sense to put some more miles on it, then use when we are at the start of another four race cycle.

So what will the net result be over the course of a lap?
MG Our simulations typically show a benefit of two to three tenths over one lap, and possibly more as the driver has the option to get on the power earlier as the car isn't upset by the gear change. The driver can therefore be much smoother with the acceleration, so there is less disturbance when cornering and under power. We will see an advantage everywhere as you will always ratio the gearbox to get the most out of it at each circuit, so its effect over a lap will be fairly consistent from circuit to circuit.