Sports car company TVR has today announced it is to base its new factory in Ebbw Vale, creating 150 jobs.
Last month, Aston Martin confirmed it is creating 750 direct new jobs at St Athan in the Vale of Glamorgan - with the first of its new luxury DBX crossfire vehicles coming off the production line in 2020.
TVR Production will start in 2017 with plans to bring four new models to market over the next 10 years.
Secretary of State for Wales Alun Cairns said:
Today’s news is yet another strong endorsement of the quality of Britain’s car industry, which has been creating jobs, taking on apprentices and contributing to building a stronger economy. This is a tangible benefit of a stable and growing economy.
Following the recent investment from Aston Martin, the Welsh automotive manufacturing sector is clearly surging from strength to strength.
TVR’s investment in Ebbw Vale shows the confidence the company has in the skills-base and the business environment in Wales, and is further proof that this country is very much open for business.