Car finance firm to create close to 600 new jobs in Cardiff

A well-known car finance and insurance provider is to create almost 600 new jobs by relocating to Central Cardiff Enterprise Zone, where it will establish its new UK headquarters, a news report in the local business media has been able to suggest.

MotoNovo Finance’s expansion plan and jobs were secured with £3m of business finance support by the Welsh Government.

MotoNovo Finance is currently based in Llanishen and plans to establish its UK headquarters at 1, Central Square, within Central Cardiff Enterprise Zone. Recruitment is due to start later this year.

Mark Standish, chief executive at MotoNovo Finance, said: "Our roots are strongly in Cardiff, having been launched here as Carlyle Finance in the mid 1970s.

"Over recent years, we have demonstrated sustained growth, both in volumes and in reputation, not least of all as a high calibre employer having been recognised as one of the UK’s best companies to work for.

"Today, our business is a highly respected and influential player in the automotive finance sector and we are set to expand in this and other financial sectors in the months and years ahead."

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