
TVR Production Facility and Investments Announced
Resurgent British sports car maker, TVR, has announced today 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 maker, further enhancing this exciting manufacturing project which represents over £30 million of capital expenditure over the next five years. The contracts to locate the new TVR factory in Wales were signed on the 18th March and the deal was officially announced by Rt. Hon Carwyn Jones, the First Minister of Wales, during a press conference this morning. Currently, TVR is looking at several specific options for the precise location of the factory, the outcome of which will be the subject of a separate announcement in the coming weeks.