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Jaguar earlier promised to debut an F-Type-based design study at the 2013 Goodwood Festival of Speed this weekend, and this is it – the one-off Jaguar Project 7. The name is a direct nod to the company’s seven Le Mans triumphs between 1951 and 1990 – a British record (Bentley has six).

A lot of the Project 7’s bespoke elements – from the new rear fairing section that incorporates a rollover hoop behind the driver’s head to the bright blue paintwork – are reminiscent of one of Jaguar’s all-time greatest race car, the Le Mans-winning D-Type from the Fifties.

Other key design changes include a carbonfibre front splitter, side skirts, large rear diffuser and a fixed rear spoiler, giving the Project 7 a low, unified, muscular stance. The side louvres and bonnet vents are also carbonfibre, while the carbonfibre/aluminium wing mirrors draw inspiration from those on the C-X16 concept.

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The windshield has been lowered, while a new nose design incorporates revised air intakes and headlights with gloss black surrounds instead of chrome. The roof system has been completely removed, and the car sits on 20-inch Blade forged-alloy wheels with carbonfibre inserts.

Inside, the Project 7 features a single composite bucket seat with racing harness that’s mounted 30 mm lower than a standard F-Type, meaning the driver sits a full 40 mm closer to the ground as the car’s ride height has been cut by another 10 mm. The passenger seat is replaced by a helmet holder, which carries matching blue paint and graphics.

More than just a one-off design study, the Project 7 is a fully-functional machine that will be driven at the Goodwood show. Power coming from Jaguar’s 5.0 litre supercharged V8 engine in 550 PS 680 Nm form – an increase of 55 PS and 55 Nm over the range-topping F-Type V8 S.