Britishvolt gains Government funding

Britishvolt has received confirmation from the Government that it is to receive funding from the Advanced Propulsion Centre’s Automotive Transformation Fund (ATF), supporting its plans to build a £3.8bn advanced technology battery cell Gigaplant in Northumberland.

The funding makes this the largest industrial investment in North East England since Nissan’s arrival in 1984 and one of the largest-ever industrial investments in the UK.

“This is great news for our plans to construct the UK’s premier battery cell Gigaplant in Northumberland. While the overwhelming majority of investment for the project will come from private sources, the ATF’s grant funding is very important in proving that the UK Government is confident that we will deliver on our plans, and this will help to generate further private investment. It’s a clear indicator of the Government’s policy towards electrification of society in the Race to Zero,” said Isobel Sheldon OBE, chief strategy officer, Britishvolt.

At full production enough battery cells will be produced for more than 300,000 lithium-ion batteries a year. The facility is expected to employ over 3,000 people directly in skilled jobs, with another 5,000 in the wider supply chains.

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