New TVR still under wraps! (Vol. 2)

[anonymous-user]

bullittmcqueen said:

"... and the much needed 100 quality jobs ... " !!

Not wanting to cast a shadow on the welsh valleys, but is there an untapped supply of niche sports car building experience hidden within them? Employying 100 people is one thing (well, except currently TVR can't seem to afford to employ even 3 people) but employing 100 people with the necessary skills and apptitude to make a success of a low volume yet high complexity/quality process like building a modern car seems, well, perhaps unlikely.

(or maybe they'll be one bloke with the spanners building the cars, and 99 people making the tea?? ;-) )

[N7GTX]

bullittmcqueen said:

Pupp said:

https://record.assembly.wales/WrittenQuestion/7884...

https://record.assembly.wales/Plenary/5847?lang=en...

(paras 109 and 110)

The key point is:

"We continue to work with TVR whilst it has ongoing discussions to secure the private sector finance needed to begin production."

Edited it for you Bullitt

[tvrolet]

Max_Torque said:

bullittmcqueen said:

"... and the much needed 100 quality jobs ... " !!

Not wanting to cast a shadow on the welsh valleys, but is there an untapped supply of niche sports car building experience hidden within them? Employying 100 people is one thing (well, except currently TVR can't seem to afford to employ even 3 people) but employing 100 people with the necessary skills and apptitude to make a success of a low volume yet high complexity/quality process like building a modern car seems, well, perhaps unlikely.

(or maybe they'll be one bloke with the spanners building the cars, and 99 people making the tea?? ;-) )

The jobs are certainly needed after the Pot Noodle mines closed.

[bullittmcqueen]

N7GTX said:

bullittmcqueen said:

Pupp said:

https://record.assembly.wales/WrittenQuestion/7884...

https://record.assembly.wales/Plenary/5847?lang=en...

(paras 109 and 110)

The key point is:

"We continue to work with TVR whilst it has ongoing discussions to secure the private sector finance needed to begin production."

Edited it for you Bullitt

That was my point. In the end, Welsh Government, if nothing materializes, will have the choice between losing their investment then and be held accountable for it or invest more, get those desperately needed jobs, lose money later and their successors will be blamed. That's a no-brainer even for non-brained politicians

[Classic Chim]

bullittmcqueen said:

That was my point. In the end, Welsh Government, if nothing materializes, will have the choice between losing their investment then and be held accountable for it or invest more, get those desperately needed jobs, lose money later and their successors will be blamed. That's a no-brainer even for non-brained politicians

I don’t believe the Welsh government would be that stupid though. They ain’t got the money to invest in new gates for the place butt. ( Welsh terminology)

[Pupp]

No idea what info might surface as a result, but the assembly member pursuing the questions seems pretty tenacious in asking them (I just flagged the latest in a series and have emailed him to ask whether he got an answer etc).

What's very clear is the TVR element is but one component in a much bigger economic development programme of regional, if not national, significance. Transparency and straight-forwardness are rarely essentials of communication in such affairs I have found but I still don't think it's a duck that's dead necessarily.

[Pupp]

Classic Chim said:

They ain’t got the money to invest in new gates for the place butt. ( Welsh terminology)

Made me laugh; thinking back to an assistant recruited and relocated from the Brecon Beacons to the Cambs fen edge who asked on day 3 'where are the hills...?'

[Classic Chim]

Pupp said:

Made me laugh; thinking back to an assistant recruited and relocated from the Brecon Beacons to the Cambs fen edge who asked on day 3 'where are the hills...?'

[Classic Chim]

Pupp said:

No idea what info might surface as a result, but the assembly member pursuing the questions seems pretty tenacious in asking them (I just flagged the latest in a series and have emailed him to ask whether he got an answer etc).

What's very clear is the TVR element is but one component in a much bigger economic development programme of regional, if not national, significance. Transparency and straight-forwardness are rarely essentials of communication in such affairs I have found but I still don't think it's a duck that's dead necessarily.

That’s a very good point, billions and billions of EU money has been invested in Wales including the extremely expensive gateway ( Heads of the Valleys Rd ) which has been turned into a proper highway ( means they have flattened it out ) literally as they have removed semi sized mountains to allow a swift goods service for heavy vehicles, this very road is where the factory resides. It will allow fast links to all these deprived area’s. Could be a much longer investment strategy than first thought.
How this is effected by Brexit might have more to do with remain than leave as where will this money come from if we leave.
Maybe Tvr need a remain vote

[bullittmcqueen]

Classic Chim said:

Pupp said:

No idea what info might surface as a result, but the assembly member pursuing the questions seems pretty tenacious in asking them (I just flagged the latest in a series and have emailed him to ask whether he got an answer etc).

What's very clear is the TVR element is but one component in a much bigger economic development programme of regional, if not national, significance. Transparency and straight-forwardness are rarely essentials of communication in such affairs I have found but I still don't think it's a duck that's dead necessarily.

That’s a very good point, billions and billions of EU money has been invested in Wales including the extremely expensive gateway ( Heads of the Valleys Rd ) which has been turned into a proper highway ( means they have flattened it out ) literally as they have removed semi sized mountains to allow a swift goods service for heavy vehicles, this very road is where the factory resides. It will allow fast links to all these deprived area’s. Could be a much longer investment strategy than first thought.
How this is effected by Brexit might have more to do with remain than leave as where will this money come from if we leave.
Maybe Tvr need a remain vote

Yeah, well said. That's the point i was trying to make, it was not (only) a joke. The government IS desperate for jobs there, they invested already. I could well imagine a bit of sunk money here and there will be booked in the collateral damage department. They sure know that not all dirt they throw at the wall will stick. That's why i've not given up hope completely.

[Classic Chim]

bullittmcqueen said:

Yeah, well said. That's the point i was trying to make, it was not (only) a joke. The government IS desperate for jobs there, they invested already. I could well imagine a bit of sunk money here and there will be booked in the collateral damage department. They sure know that not all dirt they throw at the wall will stick. That's why i've not given up hope completely.

You have to speculate to accumulate.
Britain is about to choose its future, only time will tell but as with all things political it takes years to get things done. Maybe a different road train Hybrid/electro might be timely and I think the only hope of producing something more than just a few hundred petrolhead chaps will buy. Surely it has to be marketed on a world scale if it’s to stand any chance of producing cars in numbers.
Tvr is a headline grabber and defo a feather in the cap for Wales but hardly a big money spinner as it stands.

[Byker28i]

Classic Chim said:

I don’t believe the Welsh government would be that stupid though. They ain’t got the money to invest in new gates for the place butt. ( Welsh terminology)

Well, there's all that money they didn't spend on the Newport bypass...

or are you talking EU money, as thats been a rich vein of money for Wales.
Ebbw Vale had lots spent on it, with their new dual carriageway, the new sixth form and training college, next door to the new leisure centre with the brand new pitches. Then theres the new train station,

Perhaps the 515m in research awards and contracts to Swansea university or the new buildings at Bay campus funded by £79m from the European Regional Development Fund, £31m from the European Social Fund and £3m from INTERREG funding.

In fact the whole Bay campus was supported by the European Investment Bank, handy for the Innovation Hub and the Engineering / Manufacturing centre needed for the skills

I mean they scrapped the A477 Cleddau Bridge tolls, at £3m to remove the booths and make the 26 staff redundant. TVR money looks rather small fry to that

[Byker28i]

Classic Chim said:

You have to speculate to accumulate.
Britain is about to choose its future, only time will tell but as with all things political it takes years to get things done. Maybe a different road train Hybrid/electro might be timely and I think the only hope of producing something more than just a few hundred petrolhead chaps will buy. Surely it has to be marketed on a world scale if it’s to stand any chance of producing cars in numbers.
Tvr is a headline grabber and defo a feather in the cap for Wales but hardly a big money spinner as it stands.

Pembroke Dock Marine center? They want £60m, and are currently seeking £28 million from the £1.3 billion Swansea Bay City Deal programme, which they think would help leverage a further immediate £32 million of public and private funding.
https://wales247.co.uk/major-step-forward-for-60-m...


Honestly, TVR is a tiny amount to the Welsh Govt if it promises jobs

[anonymous-user]

Classic Chim said:

Maybe Tvr needed a remain vote

Too late for that unfortunately

[N7GTX]

Byker28i said:

Classic Chim said:

You have to speculate to accumulate.
Britain is about to choose its future, only time will tell but as with all things political it takes years to get things done. Maybe a different road train Hybrid/electro might be timely and I think the only hope of producing something more than just a few hundred petrolhead chaps will buy. Surely it has to be marketed on a world scale if it’s to stand any chance of producing cars in numbers.
Tvr is a headline grabber and defo a feather in the cap for Wales but hardly a big money spinner as it stands.

Pembroke Dock Marine center? They want £60m, and are currently seeking £28 million from the £1.3 billion Swansea Bay City Deal programme, which they think would help leverage a further immediate £32 million of public and private funding.
https://wales247.co.uk/major-step-forward-for-60-m...


Honestly, TVR is a tiny amount to the Welsh Govt if it promises jobs

Money is no object! £2.5m in TVR is a pittance. The Welsh Government wasted £9m of taxpayers money when the Circuit of Wales project was cancelled.
https://www.assembly.wales/en/newhome/pages/newsit...

They also paid £3m when they removed toll booths and made 26 staff redundant at a small toll bridge.

There is a shortage of skilled automotive people in this area and Blaenau Gwent Enterprise has only managed to train 179 people in 7 years. Producing a new V8 engined car, by a new company in a new factory near the end of the ICE era is always going to be a big ask and no doubt why the external investment has not materialised.

Edited by N7GTX on Wednesday 27th November 09:57

[Pupp]

Ask and ye sometimes receive...

[Monkeylegend]

The early claims by LE that they were well funded and here to stay seem to have been a bit premature.

The finger for the delay is clearly being pointed at TVR and their lack of funding.

Mind you that is a politician talking

[Monkeylegend]

Pupp said:

Ask and ye sometimes receive...

I thought your name was Gary

[natben]

I don’t think TVR have a hope in hell of securing the kind of money they need to start production by the end of Q1 2020. Does anyone?. I have said many times that the whole project has been mothballed and it is only a matter of time until Les announces it is over.

[anonymous-user]

natben said:

I don’t think TVR have a hope in hell of securing the kind of money they need to start production by the end of Q1 2020. Does anyone?. I have said many times that the whole project has been mothballed and it is only a matter of time until Les announces it is over.

Presumably it can’t just be mothballed as there must be increasing debt and loans etc to pay off?