Originally scheduled for October 2017, the Bloodhound SSC attempt to set a new land speed record was confirmed until the fourth quarter pushed back from 2019 the team Wednesday.

The cause of the delay, the second for the British effort, is primarily because of the longer than expected time needed to raise the necessary funding. The team was also thrown back by the bankruptcy of two key suppliers.

"There were many wrong days during the project and unfortunately, but inevitably, we tested the patience of our friends, supporters and teams," project manager Richard Noble confirmed.

The team is currently proposing a plan to raise more funds and hopes to release more details soon, Noble said.

The Bloodhound SSC is a steerable car that features a jet engine and a custom rocket engine. It is based on a Rolls-Royce EJ200 engine, normally found in the Eurofighter Typhoon, to bring it to about 300mph. Beyond that speed, it relies on a range of custom hybrid rockets developed by defense company Nammo. The combined power of the 44.3-foot Streamliner is a claimed 135,000 horsepower.

So, how fast will it go? The current land speed record is the 763 mph that fighter pilot Andy Green set behind the wheel of Thrust SSC in 1997. Green will also pilot the Bloodhound SSC, which aims to reach a top speed of over 1,000 mph. Such a speed means that it covers one mile every 3.6 seconds.

The trial will take place on a dry lake bed in the South African Kalahari Desert, known as the Hakseen Pan . So far, all tests have taken place in the UK but the team plans to bring the SSC to South Africa in May 2019 for the first high-speed test runs. If successful, the team will make its first attempt in the following October or November. The car will stay in South Africa to save the logistics.

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