Administrators handling the failed Britishvolt gigafacctory project have been urged to find a way of reviving a scheme which promised to bring thousands of jobs to the North East.
The company’s plans to build a plant at Cambois, Northumberland, to make batteries for electric vehicles had promised 3,000 direct jobs and another 5,000 in its supply chain – 0 but the company went into administration last month after weeks of financial troubles.
A number of companies have been linked with deals to take over the company, including investment group Greybull, Australian firm Recharge Industries and a group led by Britishvolt founder Orral Nadjari. It has been reported administrators EY have set a deadline for bids this week with the future of the site possibly resolved within the next few days.
