Blyth Valley MP Ian Levy has moved to reassure residents over the future of the planned Britishvolt gigafactory at Cambois in Northumberland after it was revealed the company is holding emergency talks to keep its plans afloat.
The factory has been hailed as transformative for South East Northumberland, which suffers from high levels of deprivation and a lack of well-paid jobs - but the "negative global economic situation" and recent market turmoil saw the project stall.
It is hoped the project would create 3,000 direct and 5,000 indirect jobs when it reaches full production capacity. However, reports over the weekend said the company was holding talks with a number of potential investors after potential supporters backed out.
