Northumberland County Council has extended a buy-back clause on the land at the former Blyth Power Station to give its new owner more time to complete the county's much-anticipated gigafactory.
The land was purchased by Britishvolt in April 2021 for £2m, with the company planning to build a vast factory for the manufacture of electric car batteries.
At the time, the council inserted a buy-back clause within the contract that would allow it buy back the site for the same amount in the event the development was not completed within 39 months of obtaining planning permission.