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News : MotoNovo Plans to Create 587 Jobs in Cardiff City Centre Move
Cardiff, Wales, March 15, 2016 -- Rapidly-expanding MotoNovo is moving its headquarters across the city and planning to more than double in size over the next few years.
The company, owned by a South African bank, is relocating from Llanishen to Central Square in the city centre.
It joins a bank and a legal firm in the same office block being built next to Cardiff Central railway station.
Economy Minister Edwina Hart said: "It is a strong vote of confidence in Wales and what it can offer companies looking to grow their businesses.
"It is a substantial inward investment that will raise the profile of this thriving and rapidly expanding sector in Wales."
The new location is part of the city's enterprise zone and has been supported with a Welsh Government grant.
MotoNovo already has 424 staff and has been looking for larger offices in the city since last year.
It has taken on 150 workers since the start of 2015 and is looking to take on 587 more over the next five years.
The firm is owned by South African FirstRand bank and sells car and motorcycle finance - including work with hundreds of dealerships.
Professional and financial services is one of the sectors that's been targeted by the Welsh Government as a key area for growth.
There have been quite significant developments in recent years including Deloitte creating hundreds of jobs in Cardiff's enterprise zone.
Posted by Veronica Silva Cusi, news correspondent
Today's Tip of the Day - The Human Factor
Published: Wednesday, March 16, 2016