Work on a gigafactory that will make batteries for electric vehicles will start in the next few months after a multimillion-pound Government grant helped attract £1.7bn from private investors.
The Britishvolt factory near Blyth, in Northumberland, will create 3,000 direct jobs and another 5,000 in its supply chain when it reaches capacity. It is being built on the former coal yards of the old Blyth Power Station.
A Government grant worth ‘tens of millions’ has helped the company secure funding of £1.7bn, with Business Secretary Kwasi Kwarteng visiting the planned factory site to hail its “world beating technology”.
