EXETER-based Ashwoods Automotive Ltd is planning to create 51 jobs over three years with the opening of a new manufacturing facility.
The electric motor specialists with headquarters in Summerway, Whipton, have been awarded a £1.17m grant from the Government's Regional Growth Fund to help develop the plant and are looking for a suitable site.
Managing director Mark Roberts said: "This is really excellent news for the company.
"We've experienced a tenfold growth since 2009 and the new grant will ensure we can keep pace with the increasing demand for our products."
