The "500"s began in 1946 as a way for "impecunious enthusiasts" to go motor racing using 500 cc motorbike engines instead of the larger capacity engines that prevailed prior to the war. The idea caught on and was adopted as a new Formula 3 in 1950. Well known names raced in 500s including Stirling Moss, Ken Tyrrell, Ivor Bueb, Jim Russell, Les Leston, Peter Collins, Don Parker, Stuart Lewis-Evans and Bernie Ecclestone! At famous locations like Shelsley Walsh, Mallory Park, and Silverstone.

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