Shields, who is currently contesting the Australian Formula Ford Series and the Australian Formula 4 Championship, will be mentored by two-time World Series Baseball champion Graeme Lloyd.

“To be selected in one of Australia’s most prestigious scholarship programmes is remarkable,” Shields said.

“The recognition I may receive from being a part of this programme and the advice from my mentor will be invaluable for the progression of my racing career.

“This is the beginning of a new journey for me and it is one I cannot wait to embark on.”

Lloyd, the only Australian to become World Series Baseball champion, hopes Shields will be able to benefit from his own experience on world sporting stage as Shields prepares for the next step in his motor racing career.

“I am looking forward to this opportunity and challenge to help this young talent improve and become the force that I believe he can be in racing,” Lloyd said.

“I really love the idea of mentoring athletes from different sports. I think it can open up a whole new facet or way of thinking that might not have been explored yet”

Confederation of Australian Motor Sport CEO Eugene Arocca congratulated Shields on being selected for the programme.

“Cameron gives motor sport his all and should be congratulated for being recognised with this scholarship,” Arocca said.

“Working with an athlete like Graeme Lloyd, who has competed in one of the biggest leagues in the world, including playing for the New York Yankees – one of the most iconic teams in the world – will be a terrific learning experience for Cameron and one that will certainly help him become the best driver and athlete he can be.”