The Manor Formula One team will be on the grid for the season-opening Australia Grand Prix in Melbourne on March 15 after securing enough backing for the season ahead.
The team missed the last three races of last season after going into administration, but Manor - which has raced under the Marussia and Virgin names since entering F1 - has secured new investment from energy entrepreneur Stephen Fitzpatrick.
Fitzpatrick, the team's main investor, founded British gas and electricity supplier company Ovo in 2009.
He was joined in the team's rescue by Justin King, the former CEO of supermarket giant Sainsbury, who will initially serve as Manor's interim chairman.
The team will continue to be run by sporting director Graeme Lowdon and team principal John Booth.
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