The Lola T97/30 was the car with which the MasterCard Lola Formula One team attempted to compete in the 1997 Formula One season. It was driven by Vincenzo Sospiri, the 1995 Formula 3000 champion, and Ricardo Rosset, who moved from Footwork. The first Lola chassis to compete in the sport since 1993 was originally planned for the 1998 season. However, due to pressure from main sponsor MasterCard, the car was rushed into service a year before the initial plan.
Lola was the second new team for the 1997 season, the other being Stewart Grand Prix. Because of sponsor, eagerness to get the team running a year earlier than planned, the team hastily built the T97/30 just weeks before the season began.