Britishvolt gets £100m boost to build UK’s first large-scale ‘gigafactory’
by Jasper Jolly from Environment | The Guardian on (#5V87Z)
The deal to build an electric car battery plant near Blyth will bring up to 3,000 jobs to the area by 2028
The UK government will invest 100m in Britishvolt as the car battery manufacturing startup seeks to build Britain's first large-scale gigafactory" in the north-east of England.
The government's Automotive Transformation Fund will invest alongside asset management company Abrdn and its majority-owned property investment arm, Tritax, to fund a sale and leaseback deal for the huge building that will house the electric car battery factory, near Blyth in Northumberland.
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