The reborn TVR project hopes that renovation work on its new factory will soon begin after the Welsh Government has selected a contractor to undertake the project.
The firm unveiled the new Griffith in Goodwood last September, which it plans to build in a new factory on the Rassau industrial estate in Ebbw Vale, Wales.
But, as Autocar revealed, progress on the factory renovation stalled because the Welsh government bought a 3% stake in the company in 2018 along with a £2 million loan. This meant that the project was subject to European Union rules on state funding, so the tender for the construction of the ruined factory had to be made throughout the EU.
Ken Skates AM, the Welsh Minister of Economy and Transport, has selected a preferred contractor for the project, which TVR hopes will allow work to begin soon.
In a statement on social media, the company said: “We have to tie up some pieces before we can announce more details, but it is fantastic news for all concerned, as we can publicly affirm that the sound of tyres and roaring engines will reach the Valleys very soon.
TVR added that the delay in the announcement was due to “the need to clarify a number of unknowns within the building, such as the discovery of some noxious and unusual substances, and the condition of the main roof and water storage tanks of the firefighting system”.
TVR has originally expected to make the first deliveries of the 500 bhp Griffith in early 2019, and has not yet given a revised date for the start of production.