Josh Hill, the son of 1996 F1 world champion Damon Hill and grandson of two-time F1 world champion Graham Hill, has called time on his racing career at the age of 22.
After half a season in the European Formula Three series, Hill has decided to pursue other interests.
Starting his racing career in 2008, Hill competed in British Ginetta and Formula Ford championships, the Toyota Racing Series, British Formula Renault and Formula Renault 2.0 NEC before moving into F2.
"I have enjoyed my time thoroughly and would like to thank everyone that has been involved in my racing career," Hill told Reuters.
"Coming from the Hill family it was inevitable that I would be drawn to racing.
"I have learned an enormous amount and really enjoyed the experience, but I do not want to compete unless I am 100% devoted.
"As I now have ambitions in other fields, I feel it is the right move to withdraw from racing."
Hill's father Damon added: "Being born into a racing dynasty is not something many of us can easily relate to. It is entirely understandable if Josh has to find out if racing is his main calling or not.
"So it is with some sadness that we make this announcement. I'm sure there will be many disappointed 'Hill' fans out there but we hope they will be understanding. It is sometimes braver to stop than to carry on. He has my total support as always."
Any reproduction, publication or redistribution of this material without the written agreement of 365 Media Group is strictly forbidden.