Grand Prix racing's governing body said on Wednesday it planned to revive the defunct Formula Two category as a low-cost feeder series for Formula One from 2009.

Inviting tenders for the series, the International Automobile Federation (FIA) said it would be "used as an inexpensive platform to develop emerging driver talent for Formula One.

"It is hoped this can be achieved within a budget of around 200,000 euros ($311,600) a car per season," the FIA added in a statement after a World Motor Sport Council Meeting in Paris.

Formula Two was the recognised feeder series for Formula One from the early years of the world championship through to the end of 1984, when it was replaced by Formula 3000.

That in turn gave way at the end of 2004 to the Renault-powered GP2 series, set up by Formula One supremo Bernie Ecclestone and Renault team boss Flavio Briatore, with races held at grand prix weekends in Europe.