A luxury sports car manufacturer's plans to move its international headquarters to Lancaster has been welcomed by councillors.
TVR made the announcement on its plans last week
Although most car production will stay in Blackpool, TVR wants to move its marketing, management and research and development to a site in Lancaster.
The company said the move would take place in the next few months.
Lancaster Council said it would be meeting managers of the Russian-owned firm to discuss locations.
In addition to offices, TVR also plans to open a museum dedicated to its sports cars in Lancaster.
John Donnellon, regeneration spokesman, said: "It is very early days in terms of the detail of the proposal but the city council welcomes the decision of TVR to locate in Lancaster.
"It is good to see that such a successful brand has chosen Lancaster as its base."
Mr Donnellon said it was equally good news that production of the iconic sports car would remain in the county at a site in Blackpool.
"We will give the company a warm welcome and work with them once the company decides on the final detail of the proposal," he added.
The firm was founded in Blackpool in 1947 by Trevor Wilkinson, who used three consonants from his first name for the company title.
It was bought in 2004 by young Russian multi-millionaire Nikolai Smolenski, who was just 23 at the time.