Luxury car manufacturer Aston Martin has chosen a south Wales site as the location for its new £200m factory.
The car maker picked St Athan in Glamorgan ahead of more than 20 other global locations as the site for its new manufacturing plant, where it will produce its first ever “crossover” electric car.
Construction on the 36 ha site is set to begin in 2017, with a target completion date of 2020.
Work will include the transformation of three ex-Ministry of Defence “super-hangers” as well as the construction of offices and other related infrastructure.
The new plant is expected to create 1,000 jobs for the area, with 3,000 more through the supply chain.
The news marks the latest boost for the construction sector in Wales. Last month, the principality was identified by the CITB’s Construction Skills Network as the area of the UK with the highest expected growth rate (7.1 per cent) over the next five years – nearly three times above the national average.
Aston Martin CEO Andrew Palmer said: “Through a detailed evaluation of over 20 potential global locations for this new manufacturing facility, we were consistently impressed with the focus on quality, cost and speed from the Welsh Government team.”
Prime minister David Cameron said: “Aston Martin is an iconic British brand and the decision to invest here shows real confidence in our economy. With our economic strengths and easy access to European markets, the UK automotive sector is thriving.
“It is one of the biggest in Europe – and the most productive – and Aston’s creation of up to 1,000 new jobs in Wales and the West Midlands is welcome news.”