The cost of running a season in Formula Ford ranges between 35k and 110k.
There are much cheeper options by purchasing an older car such as the kent engined FF 1600 cars that are used in numerous club events up and down the country and could set you back as little as between 4 and 8 thousand pounds for a complete chasis.
Suffice to say 110 thousand in formula one will get you nowhere.
Yes, at the moment, but when the budget cap comes down to building an F1 car for a fiver then we'll all be in business. Say hello to Teabag Yokel F1 Team, some useless engineers but a highly charismatic team boss...