Racing Bike on a bit of a budget

I was really hoping to start a useful build and advice thread for others who were thinking of starting to race on a budget and wanted to know about what equipment to look at (there must be a few)...

I thought this thread was a really interesting read. The summary on kit if you want to start racing seems to be really simple... don't worry about kit*, just get on with it.

• except getting some brifters and pointers on gearing.