Australian startup Recharge Industries has made a bid to rescue collapsed Britishvolt, potentially throwing a lifeline to the North East's electric battery gigafactory plans.
The founder of the Victoria based business, David Collard, is reported to be visiting the Blyth site this week, as well as talking to Government officials, before submitting a formal bid for the company, which had been hoping to create more than 3,000 North East jobs through its £3.8bn plant.
Britishvolt's ambitions to build a plant capable of producing hundreds of thousands of electric vehicle batteries every year came to an end last Tuesday, when EY was appointed as administrator. EY said the firm had failed to raise sufficient funds to fuel plans for the development in the North East and its research and development division.
