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I'm looking at circuit racing, the MSVR trackday trophy or the Superpro VAG trophy. I need to get a few thinvs, seats and harnesses, cage, extinguisher and cut outs, along with a restricter plate and not that much else really. I can do the ARDS test whenever to get my license but you're probably not far off with the £5k bud
You'll either need epic amounts of ballast in your LCR, or significantly reduce the power to get an agreeable PWR for most of the championships.
Trackday Trophy targets 200bhp/tonne - so you'd be looking at humping your car by 250kg or so once stripped out - which in turn will muller the brakes & tyres further.
tbqfh, you'd be better off spending that £5k prep money on something already built (french, 2.0L stuff) otherwise you'll just be a back marker regardless how well you drive
What about if some one hits you smashes your car up or you crash are you going to be able to afford even the slightest bump and dent say a rear quarter etc