David Richards, the founder of Prodrive and boss of Aston Martin, has said that he has his finger poised over the ‘go’ button to commit to an all-new F1 team for the 2010 season.

Of course, that’s if the proposed new budget cap regulations, enabling entrants to field two car teams for around £30m are finally set in stone by the FIA.

“Assuming the new rules are commercially viable and there is the potential to be fully competitive, then we are ready to press the go button,” said Richards, who previously had stints running both the Benetton and BAR-Honda teams before laying the foundations for his own Prodrive F1 operation in 2007.

On that occasion the project did not come to fruition, but Richards is confident that the groundwork he put in preparing for the new programme will pay dividends if he goes ahead this time. A final decision on this has yet to be taken on the project, which may or may not have its engine and/or chassis branded Aston Martin.