The series has a laudable aim: to create a sensibly priced route in to single-seater racing, so that talent needn't suffer in a time of austerity, and you can't argue with making racing more accessible.
But the BRDC Formula 4 championship doesn't appear to be part of a clearly defined ladder leading anywhere else.
The championship will appear as a support category at some British F3 races, but there is nothing in the announcement to promise that the series champion will be given promotion to a higher category, or a test in a more powerful car.
The series will be televised, which should make competitors more attractive to sponsors, but without a clearly defined route out of the category, is it really worth a young driver sinking money into it?
BRDC president Derek Warwick spoke of the need for improved clarity in the junior categories in his press release comments for the series announcement, but didn't explain where BRDC Formula 4 graduates would go.
"I have been very worried over the last few years about how our young British drivers of the future are supposed to make that big move from karting to circuit racing," he is quoted as saying.
"Back in the day there was a relatively simple ladder if you had the talent; Formula Ford, Formula 3, Formula 2 and then Formula 1 if you were good enough. We currently have total confusion within our sport in terms of formulae, cost and the best way to gain experience in a cost effective way.
"The 'BRDC Formula 4 Championship' gives us exactly what our sport is missing; reliability, slicks, wings, good horsepower and affordability. Most drivers want to gain the right experience as quickly as possible before moving up the racing ladder and this is why the BRDC is backing F4 and MSV. I have known Jonathan Palmer for some 30 years and during that time he has proved that he does things right and gives 100% so this is another reason we have decided to back F4."
"BRDC Formula 4 will see identical cars built around a chassis designed by the RFR company now headed by Ralph Firman, who founded and ran the legendary Van Diemen operation. Latest technology spaceframe construction will provide the optimal balance of strength, low cost and ease of repair, and the chassis will meet the latest 2012 FIA safety standards and feature front and rear wings.
"The cars, which will be known as MSV F4-013, will be powered by the cost effective and proven 2 litre Ford Duratec engine, developing 175bhp and featuring a Cosworth engine management system. The gearbox will be more sophisticated than any previous car at this level, being a 6 speed Sadev transmission incorporating paddle shift. Cosworth will also supply the gearbox control system. The cars will run on slick and wet compound tyres provided by Yokohama.
"Teams are encouraged to purchase and run the newly built BRDC Formula 4 cars alongside private family-run entries in a bid to create a healthy and competitive paddock. Teams wishing to join the championship will be limited to running a maximum of four cars. The cost of participation is expected to range from £35,000 for a private entrant to £70,000 for a professional team."