Bulletin

Driver of growth: TVR to open new factory in south Wales

New jobs - Creating 150 jobs - SantanderCB

Independent carmaker TVR has announced plans to open a factory in Ebbw Vale, South Wales, creating 150 jobs. The £315m Circuit of Wales project, which includes a racetrack, is a further boost for the region following Aston Martin's decision to build its new DBX crossover model at a plant in St Athan from 2020. TVR's management team have been looking for a new base from which to build cars since taking over the company in 2013. The firm has enough orders to remain busy until the end of 2018, and bosses hope to be making 2,000 vehicles a year by 2020. The Welsh government says more than 150 companies are involved in the automotive supply chain, employing about 18,000 people and generating more than £3bn for the Welsh economy.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?