In 2004 Lloyd conducted his first Formula One test in a McLaren as part of his prize for winning the award the previous year.
Due to funding difficulties, he was unable to compete in British Formula 3 as planned, although he carried out several tests with Alan Docking Racing with team mate Will Power, now an Indycar front runner.
 Instead he took part in the final seven rounds of the Euro Formula 3000 series recording one win and three pole positions and taking the series by storm.

However, the lack of financial backing was still Lloyd's major issue and during 2005 Lloyd had a very limited racing program, taking in 2 races in Italian Formula 3000 for the GP Racing in order to help with car development and a one-off ride in a Formula Renault 3.5 Series event at Monaco.
For the winter of 2005–06 he was signed up to drive in A1 Grand Prix for Team Great Britain, however he only ever undertook one mid-season and was never able to race the car, with the GB team deciding that veteran driver Robbie Kerr had a greater need of the exposure which the series would offer.

For the 2006 season, he signed with AFS Racing part way through the year to race the remainder of the whole season in the Indy Pro Series—as a last attempt at providing finance for Lloyd's career, his parents sold their house in Port Soderick in the Isle of Man and Lloyd did not disappoint.
He qualified second for his first race with the team at St. Petersburg and finished his second race that weekend in third place.
In July, he won the road course race at Indianapolis Motor Speedway the day before the United States Grand Prix.
 This was the first race AFS Racing had ever won and he cemented a friendship with owner Gary Peterson which persists to this day.
 Later in the season he won the Valley of the Moon 100 for AFS Racing, held at Infineon Raceway, and went on to finish seventh in the final standings.


For the 2007 IPS season, he drove for Sam Schmidt Motorsports and promptly shattered all records by winning the first five races of the season.
He clinched the series championship with his eighth win of the season at Infineon Raceway with two races remaining in the season.
During the season he shattered all league records for consecutive wins (5), wins in a season (8),  career wins (10) and most points scored (652).
 He became the first person ever to have won on both the road course at Indianapolis Motor Speedway and also the famous two and a half mile oval itself, until Will Power did the same in the Indycar series in 2018.
  He also set a record which is unlikely to be beaten - he qualified on the front row for every race where qualifying took place.
 
On the basis of this dominating performance, and following an Indycar test, on 17 October 2007, Lloyd was signed as a driver in Chip Ganassi Racing's driver development program.
In 2008—unable to raise finance for a full drive with the team—he participated in a limited schedule that includes IndyCar Series and Grand-Am Rolex Sports Car Series Daytona Prototype races and limited Indycar testing.

On 10 April 2008, it was announced that Chip Ganassi Racing and Rahal Letterman Racing would work together to field an entry for Lloyd, for the 2008 Indianapolis 500 on 25 May 2008.
Lloyd was fastest in the rookie tests, but only qualified in 19th place, after having been briefly hospitalized following a heavy accident at 223 mph (359 km/h).
Towards the end of the race he crashed heavily, sliding down the pit road and across several teams' pit bays, all of which were empty.

Still without the finance for a full-time drive, Lloyd returned to the 2009 Indianapolis 500, racing for Sam Schmidt Motorsports in partnership with Ganassi.
Lloyd was sponsored by HER Energy Drink and wore a hot pink firesuit for the entire month to match his car's distinctive color scheme.
This led to Lloyd being given the nickname "Pink Lloyd", after the band Pink Floyd - one of his favorite bands.
This and the fact that his wife Samantha was due to give birth to their second daughter on raceday (24 May) brought the Englishman a bit more media attent
In 2004 Lloyd conducted his first Formula One test in a McLaren as part of his prize for winning the award the previous year. Due to funding difficulties, he was unable to compete in British Formula 3 as planned, although he carried out several tests with Alan Docking Racing with team mate Will Power, now an Indycar front runner.  Instead he took part in the final seven rounds of the Euro Formula 3000 series recording one win and three pole positions and taking the series by storm.
However, the lack of financial backing was still Lloyd's major issue and during 2005 Lloyd had a very limited racing program, taking in 2 races in Italian Formula 3000 for the GP Racing in order to help with car development and a one-off ride in a Formula Renault 3.5 Series event at Monaco. For the winter of 2005–06 he was signed up to drive in A1 Grand Prix for Team Great Britain, however he only ever undertook one mid-season and was never able to race the car, with the GB team deciding that veteran driver Robbie Kerr had a greater need of the exposure which the series would offer.
For the 2006 season, he signed with AFS Racing part way through the year to race the remainder of the whole season in the Indy Pro Series—as a last attempt at providing finance for Lloyd's career, his parents sold their house in Port Soderick in the Isle of Man and Lloyd did not disappoint. He qualified second for his first race with the team at St. Petersburg and finished his second race that weekend in third place. In July, he won the road course race at Indianapolis Motor Speedway the day before the United States Grand Prix.  This was the first race AFS Racing had ever won and he cemented a friendship with owner Gary Peterson which persists to this day.  Later in the season he won the Valley of the Moon 100 for AFS Racing, held at Infineon Raceway, and went on to finish seventh in the final standings.

For the 2007 IPS season, he drove for Sam Schmidt Motorsports and promptly shattered all records by winning the first five races of the season. He clinched the series championship with his eighth win of the season at Infineon Raceway with two races remaining in the season. During the season he shattered all league records for consecutive wins (5), wins in a season (8),  career wins (10) and most points scored (652).  He became the first person ever to have won on both the road course at Indianapolis Motor Speedway and also the famous two and a half mile oval itself, until Will Power did the same in the Indycar series in 2018.   He also set a record which is unlikely to be beaten - he qualified on the front row for every race where qualifying took place.  
On the basis of this dominating performance, and following an Indycar test, on 17 October 2007, Lloyd was signed as a driver in Chip Ganassi Racing's driver development program. In 2008—unable to raise finance for a full drive with the team—he participated in a limited schedule that includes IndyCar Series and Grand-Am Rolex Sports Car Series Daytona Prototype races and limited Indycar testing.
On 10 April 2008, it was announced that Chip Ganassi Racing and Rahal Letterman Racing would work together to field an entry for Lloyd, for the 2008 Indianapolis 500 on 25 May 2008. Lloyd was fastest in the rookie tests, but only qualified in 19th place, after having been briefly hospitalized following a heavy accident at 223 mph (359 km/h). Towards the end of the race he crashed heavily, sliding down the pit road and across several teams' pit bays, all of which were empty.
Still without the finance for a full-time drive, Lloyd returned to the 2009 Indianapolis 500, racing for Sam Schmidt Motorsports in partnership with Ganassi. Lloyd was sponsored by HER Energy Drink and wore a hot pink firesuit for the entire month to match his car's distinctive color scheme. This led to Lloyd being given the nickname "Pink Lloyd", after the band Pink Floyd - one of his favorite bands. This and the fact that his wife Samantha was due to give birth to their second daughter on raceday (24 May) brought the Englishman a bit more media attent
Alex Lloyd (racing driver)