The new Campos Meta team due to enter Formula One next year hope to announce one of their drivers in Valencia next month, team boss Adrian Campos said on Thursday.

The Spaniard told Britain's weekly Autosport magazine that the Cosworth-engined car, designed by Italy's Dallara, was also progressing well.

"The model will be in the wind tunnel for the first time next week," he said. "We have set up a company called Dallara-Campos to build the cars in a new factory. We are recruiting 200 people.

"I hope to announce one driver at the European Grand Prix in (Valencia in) August," added the former Minardi Formula One driver.

Spanish-based Campos Meta are one of three new teams due to make their debuts next season, the others being U.S. F1 and Manor Grand Prix.

Gian Paolo Dallara told the online GP Week magazine that his company had started designing the car three months ago, despite the 2010 regulations being uncertain due to a standoff between existing teams and the governing FIA.

"We plan to have the initial designs ready in October in order to have our first tests in January 2010," he added.

"We would have liked to test in 2009 but we will not be ready in time."