MotoNovo Finance has begun its move into its new 71,500 sq ft office in the Cardiff Central Enterprise Zone.

The independent lender currently has just over 400 head office staff, but plans to expand this number of over 1,000 by 2020.

The relocation has been supported by significant investment from parent company FirstRand Bank Ltd and further investment from the Welsh Government, which has seen MotoNovo stay close to its Welsh roots

MotoNovo Group chief executive, Mark Standish, reflected; “MotoNovo Finance’s history is strongly rooted in Cardiff, having been born here as Carlyle Finance back in the 1970s. Since then, we’ve enjoyed sustained growth, both in volume and in reputation, and this achievement is a testament to what happens when a talented team come together in pursuit of inspirational and stretching goals.

The move was first announced in March.