A spec racing class, all chassis are produced by SCCA Enterprises in association with Van Diemen and include a sealed Mazda MZR powerplant.

The chassis can also be fitted with closed-wheel bodywork and converted into a sportscar to race in C Sports Racer or the L3 class of IMSA Prototype Lites.

SCCA Enterprises also produces the Spec Racer Ford chassis.

Sixteen-year-old Norwegian driver Henrik Furuseth took the championship for Cape Motorsports.

In 2018 an updated Mazda 2.0L engine and Sadev 6-speed sequential gearbox were introduced to replace the aging 2.3L and 5-speed Elite.

The new Formula Enterprises 2 (FE2) spec ran alongside original FE cars in national competition, with champions in each class crowned at the club’s yearly National Championship Runoffs in 2018 and 2019.