The Arden team has announced it has linked up with the Caterham Group to work together on a Formula Renault 3.5 programme from this year.
The joint venture will be operated under the Arden Caterham Motorsport name.
The team is joining the series this year and had already confirmed 2010 McLaren AUTOSPORT BRDC Award winner Lewis Williamson.
American Alexander Rossi is expected to get the second seat at the team for the upcoming season.
"This partnership is a fantastic opportunity for both parties," said Arden sporting director Julian Rouse.
"We will have the opportunity to work with the talented drivers that Caterham are developing under their young driver scheme and Caterham have the chance to utilise the structure and resources that already exist within the Arden group.
"I am very excited about the prospect of working with Caterham in 2012 and beyond."
Alex Yoong, head of Caterham's driver development programme, added: "We are delighted to formally confirm our partnership with Arden.
"This is an exciting partnership that we are sure will produce many exciting results for everyone involved and marks the next step in the growth of Caterham Group in global motorsport."