Automotive investment for Wales

British sports car manufacturer, TVR, has announced that its new production facility will be located in the Ebbw Vale Enterprise Zone in South Wales.

The Welsh Government will also invest in the car producer, further enhancing the manufacturing project, which represents over £30M of capital expenditure over the next five years.

TVR is currently looking at three sites within the Enterprise Zone and the company expects the facility to be a large steel-framed structure.

Chairman of TVR Les Edgar said: “This is a fantastic opportunity both for TVR and the Welsh Government. South Wales is becoming a major hub for automotive and motorsport technology and development and the area is a serious opportunity for business development and job creation.

“We have a sports car project that has garnered global approval and excitement, and we are delighted that the Welsh government wish to become a part of an exciting new era for TVR.”

Rt. Hon Carwyn Jones, the First Minister of Wales said: “This is yet another fantastic high profile investment for Wales and a great boost for our automotive sector. TVR is another iconic and much loved, world-class brand that still commands a strong and loyal international following. I am delighted the next generation of TVRs will proudly bear the label Made in Wales.”

The new TVR project (pictured), which was announced in early 2015, has already secured in excess of 350 deposits will be built at the new facility.