The Hillclimb is staged on a narrow, winding road spanning 1.16 miles, featuring nine turns before reaching the top of the hill.
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It will be entirely unrelated to the existing Caterham Seven.
Production will be limited to only a “handful” of units and these will cost at least £1 million a pop.
Lanzante plans to build 5 P1 Spiders all converted from existing P1 coupés.
The Huayra R and the brand-new Huayra Codalunga will take on the famous hill climb.
Since BMW M GmbH is the honoured marque, you can expect an overload of highlights from the Bavarian manufacturer.
Prices start from £2.36 million before taxes with production set to begin as soon as January next year.
The Elva packs a 4.0-litre twin-turbo V8 that has been dialled up to a stonking 805 hp (600 kW; 815 PS) and 800 Nm of torque.
We know that both the Goodwood Festival of Speed as well as the Revival events were cancelled for 2020 but now Goodwood Estate has confirmed plans to host a behind-closed-doors motoring festival in mid-October.
In 1993, the first Festival of Speed marked the return of motorsport to West Sussex after a gap of nearly forty years.