At an informal meeting at the December 1966 racing car show day at Olympia, Webb and Clarke were discussing the possibility of building a fleet of identical open wheel race cars based on the success of combining the Ford power plant and road wheels, radial tires, and Formula Junior style chassis. Not only would they make ideal school cars, but would also provide a new entry level formula for a race series. They felt if they called it “Formula Ford" they could get backing from Ford itself. Webb was on the phone the next day to Ford competition manager Henry Taylor, who agreed to provide Clarke and MRS with 54 Cortina GT engines at £50 each (£15 below retail). Webb also approached the Royal Automobile Club's competition director, to establish rules for this new class. Late in 1967, Ford announced the new Formula Ford class to the world.