James Jakes will stay on at Coloni for 2011, after joining the team for the final rounds of the 2010 GP2 championship and post-season testing. The 23-year-old Briton will be paired with Michael Herck.
Team boss Paolo Coloni said Jakes had made a big impression in his short time with the squad.
"We already knew that he was one of the most interesting talents around, but we were amazed by his progression in Abu Dhabi," Coloni said. "He learned a lot in the race weekend, and this proved to be very useful for the following testing session.
"Furthermore, he had an instant feeling with the team, getting along really well with the engineers and all the guys. Working together was a pleasure, and as a consequence we managed to give him a car that he really liked. Then he did the rest with some great driving, boasting a staggering pace."
In addition to his Coloni outing, Jakes has also contested the last two GP2 Asia series, finishing on the podium in both. He spent most of 2010 in GP3, where he claimed eighth in the inaugural championship.
"We had discussions with a number of other teams, but recognizing the skill and enthusiasm existing at Scuderia Coloni this year, I felt they were the best option for me," said Jakes.