Despite a strong 2018 campaign, it has sold its TOCA BTCC Licences (TBLs) to another squad, which is expected to make an announcement soon.
Team boss Jeff Smith, who purchased the team from former principal Mike Jordan in December 2014, said: “I am incredibly proud of our team and what we have achieved and this has been an incredibly difficult decision to have to come to, but we have been left with no choice unfortunately.
“One of our major sponsors, ICD, is currently unable to continue the level of support they have been contributing.
“I would like to personally thank all of our team and drivers for their hard work, our sponsors, technical partners and fans for their support during the past four seasons.”
Eurotech Racing ran Martin Depper and Jeff Smith in its initial seasons in 2015 and 2016 before Jack Goff joined in 2017. Jeff Smith was ruled out of the driving seat after an accident during qualifying at Croft in 2017 and was replaced by his son Brett.
Goff took the team’s maiden win under new ownership at Silverstone in 2017 and was in the heart of the title fight this season too with two more victories at Brands Hatch and Snetterton.
He ultimately finished eighth in the 2018 standings and was third in the Independents Trophy. Eurotech Racing was third in the Independent Teams’ standings.
Jack Goff, Eurotech Racing Honda Civic
Photo by: JEP / LAT Images