Cardiff based MotoNovo Finance is creating more than 580 new jobs more than doubling staff numbers in a major expansion backed by the Welsh Labour Government.
Announced today by Economy Minister Edwina Hart, it is the largest job creating inward investment project for the financial and professional services sector in Wales so far this financial year. The expansion plan and jobs, to be located at Central Cardiff Enterprise Zone, were secured for Wales by the Welsh Government with £3m business finance support.
The Minister described it as a real economic boost and an important vote of confidence in Wales. The expansion will inject c£18m in salary costs alone into the South Wales economy annually.
MotoNovo Finance, which provides car finance and insurance, will create 587 new jobs, bringing total jobs number to over 1000 by 2021.