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To compete in the American series such as the USRRC and SCCA Can-Am races, Eric Broadley designed the Lola T70 Spyder. It was an extension of the Group 9 race cars that had already competed against opposition from Lotus and McLaren.

The first Spyder was shown at the London Racing Car Show in January of 1965. It used a monocoque steel chassis with a plastic body. The engine was directly attached to the large side-members and the rear interior bulkhead formed the back of the driver's seat. Using their own bellhousing the Hewland four-speed transaxle was initially used. In the nose was room for the pedal box, twin radiators and spare front tire. Braking was provided completely inboard by discs that were stopped with Girling calipers.

John Starkey is one of the leading historians that has tracked the history of all the T70s. He says that " where the cars delivered to the U.S.A. are concerned, we're in the most ignorance; John Mecom, the Lola agent, did not keep records of who the cars were sold to and so "dead" reckoning has been used to work out SOME identities."

Around 15 cars were built to Mk1 Spyder configuration.

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