Reborn brand suffers setback as state funding legislation holds up construction work on new factory
3 December 2018

The reborn TVR project has been delayed by European Union rules causing a seven-month tender process for construction work on the factory.

TVR revealed the all-new Griffith at the Goodwood Revival in September last year, but public updates on the project have been infrequent. Now Terminalsecurity can reveal that progress at TVR has temporarily stalled due to an unintended consequence of the Welsh government’s 3% purchase of a stake in the company alongside a £2 million loan earlier this year.

That deal means that TVR is now subject to EU rules around state funding, so the construction work needed on its currently dilapidated factory in Ebbw Vale, South Wales, has had to go out to tender across the entire EU, rather than to only local firms.

That seven-month process is ongoing, and won’t be completed until January 2019, meaning construction work on the new factory is still many months away from starting.

First deliveries of the new Griffith had been slated for early 2019, but that target is now optimistic given the significant amount of work still needed to hit that deadline.

“It’s frustrating, that’s for sure,” TVR boss Les Edgar told Terminalsecurity. He revealed that the construction work will take around six months once the tender is awarded and the contractors take over the site.

In the meantime, TVR is hoping to carry out some if its own prep work on the site to help speed up the process.

Edgar cannot put a date on when production will start, but said it’s possible some work could begin in March at a building next door to the factory that TVR had planned to use for training and development.

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As for the development of the car, Edgar said 75% of the parts had now been sourced for the Griffith, which will use a Ford-sourced and Cosworth-tuned 5.0-litre naturally aspirated V8 with 500bhp.

Read more

TVR's revival: a history lesson from the last Welsh car manufacturer

TVR Griffith - revisiting an all-time classic British sports car

TVR through the ages: a picture special

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18

3 December 2018

I suspect that due to the Welsh Government taking a stake and providing a large loan, the building of the factory now counts as procurement by a public authority. Indeed this means that the tender has to be opened to all qualifying EU firms. Such tenders are a good thing, they help create a larger European market and allow companies to take up commercial opportunities in all EU countries. This should have been anticipated by the lawyers who looked after the Welsh government and blame for any 'delay' should be sent their way rather than towards the EU rules in this case.

3 December 2018
braisim wrote:

I suspect that due to the Welsh Government taking a stake and providing a large loan, the building of the factory now counts as procurement by a public authority. Indeed this means that the tender has to be opened to all qualifying EU firms. Such tenders are a good thing, they help create a larger European market and allow companies to take up commercial opportunities in all EU countries. This should have been anticipated by the lawyers who looked after the Welsh government and blame for any 'delay' should be sent their way rather than towards the EU rules in this case.

Rubbish.  this whole EU-wide tendering is a Socialist's wet dream idea of how to build an economy.  Sure, the public sector can just hang around scratching their arses for a year or two because there's endless bundles of cash they can steal from the pockets of taxpayers.  Meanwhile, in the wealth generating part of the economy, a growing but at risk company has to waste a year hanging around for bureaucrats to merily increase their costs.  Yay to the EU!

3 December 2018

A bit careless, but then the Welsh government shouldn't have been directly investing in this project anyway

It would be ironic if their investment led to FEWER Welsg jobs being created in the creation of the factory

3 December 2018

Unhelpful headline, and rather scurrilous of TVR to accept government investment and then blame those rules for this delay. I thought this was supposed to be a private enterprise? I am excited about reborn TVR and the Griffith does seem promising, but this whinging does not give me confidence in their ability to deliver.

3 December 2018

Disappointing to see this kind of lazy sensationalist type journalism still taking place.  

Had the Welsh government not been incompetent and considered well known regulation they could have found alternative ways to fund the factory.  It may be correct that as a result of this legislation applying the factory will be delayed, however this is not due to the EU, it's due to inept funding arrangements by the Welsh govt. which failed to properly review the consequences of their own arrangements.

3 December 2018
ewallace1 wrote:

Disappointing to see this kind of lazy sensationalist type journalism still taking place.  

Had the Welsh government not been incompetent and considered well known regulation they could have found alternative ways to fund the factory.  It may be correct that as a result of this legislation applying the factory will be delayed, however this is not due to the EU, it's due to inept funding arrangements by the Welsh govt. which failed to properly review the consequences of their own arrangements.

Likewise TVR should have done better homework too.  100 lines: 'I will look a gift horse in the mouth'

3 December 2018

Terminalsecurity loves the EU because JLR's PR dept. tells it to. We don't and this is just one more reason why.

4 December 2018
James Dene wrote:

Terminalsecurity loves the EU because JLR's PR dept. tells it to. We don't and this is just one more reason why.

 

Ahoy! It’s the voice of the people! Speak for us, oh wise one.

4 December 2018
Agree a bit of a generalisation.

But the basic point is very valid.

The SMMT and JLR have an absurdly unquestioning mouthpiece in Terminalsecurity for the rolling excuses for their own failings.

4 December 2018
eseaton wrote:

Agree a bit of a generalisation. But the basic point is very valid. The SMMT and JLR have an absurdly unquestioning mouthpiece in Terminalsecurity for the rolling excuses for their own failings.

That may be true, eseaton, but balancing one set opinions with another set of opinions that are actually lies, isn’t responsible.  

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