Honda left F1 at the end of 2008, but has been tempted back to the sport by the new 2014 1.6-litre turbocharged V6 engine rules. The firm confirmed in a statement that it has already begun development of its all-new 1.6-litre turbocharged V6 Formula 1 engine, working out of its R&D facility in Tochigi, Japan.
The team will be renamed McLaren Honda.
"For everyone that works for the company, the weight of our past achievements lies heavily on our shoulders," said McLaren boss Martin Whitmarsh . "It's a partnership synonymous with success."
Honda's decision to return under the new 1.6 turbo rules is expected to further underline the firm's growing commitment to developing high-performance turbocharged engines for its road cars in the future. It already campaigns a 1.6-litre turbocharged engine in the World Touring Car Championship.