Bispham was also the home of British independent sports car manufacturer, TVR, one of the main employers in Bispham, before production ceased in 2007 under owner Nikolai Smolenski. In May 2007 it was announced that Midlands based businessman, William Riley was proposing to bring back car production to Bispham, with two cars planned for production at a new purpose built factory, which would be on Bispham Technology Park, the MG XPower SV and another Premium MG XPower roadster and coupe. On 27 July 2007 Blackpool Council announced that the sports car production would begin within a matter of weeks, initially at part of the former TVR factory; with the company eventually moving to a purpose built factory which had already been leased from the council by William Riley. Bispham Technology Park is a growing, modern, Office and Retail Park which is due to be expanded further in 2008 with the creation of Kincraig Business Park on a site within the park together with an environmental project with green space area to protect wildlife including a pond. On 11 January 2008, local MP, Joan Humble cut the first sod at a ceremony at the new Kincraig Business Park with the first of forty plots being created at the new park having already been taken even before building work started.