The Welsh government invested £14 million of taxpayers’ funds into a failed bid to tempt TVR to produce its new Griffith sports cars in the country – before the firm eventually relocated to Hampshire.
According to a letter written by Adrian Crompton, auditor general for Wales, the government spent £4.75m buying the Ebbw Vale factory and a further £7.6m on its refurbishment. It also lent TVR £2m and invested £500,000 in equity shares in 2016.
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Sadly I don't think it matters where they are based. There's probably more chance of seeing a Martian mowing your lawn than any new Griffiths appearing. Does seem a shame as 5 years ago or whatever it is now the car might have had a future. Now I simply can't see it. Just proves what a visionay my old mate Peter Wheeler was and the determination he displayed to keep TVR a vibrant concern for so long.