EU rules have put the brakes on TVR's big revival, but the V8-powered sports car is still coming.

The new TVR Griffith has been held up by European Union rules regarding factory construction, according to a new report from Europe.

With three per cent of the company owned by the Welsh government, which also pitched in with a £2 million loan, Autocar reports TVR is subject to EU rules around state funding.

Although the company has a factory in Ebbw Vale, South Wales, ready to be restored, European Union rules mean the work needs to be put out to the entire EU for tender, rather than just to local construction firms.

That's a seven-month process which won't be completed until January 2019, when the first deliveries of the Griffith were meant to be starting.

Construction on the factory will take a further six months, although TVR might be able to start building cars at a facility next to the Welsh factory before it's done. Suffice to say, January 2019 is fast becoming a seriously optimistic delivery target for cars.

“It’s frustrating, that’s for sure,” Les Edgar, TVR boss, told Autocar.

When it does finally reach customers, the Griffith will be powered by a 5.0-litre Ford V8 engine good for a sub 4.0-second sprint to 100km/h. Kerb weight will be 1250kg, while top speed will be a neat 200mph (322km/h).

At 4314mm long and 1850mm wide, the car is more compact than an F-Type. It will also be a technological match for cars like the Jag, with proper traction control, ABS brakes, power steering and airbags. How luxe.