'A major boost for Britain': Britishvolt gigafactory project secures government backing

Cecilia Keating
clock • 2 min read
A mock-up of the Northumberland site | Credit: Britishvolt
Image:

A mock-up of the Northumberland site | Credit: Britishvolt

Battery start-up Britishvolt announces it has been awarded an undisclosed sum from the Automotive Transformation Fund in principle, which has helped unlock a further £1.7bn from private investors

Plans for the UK's first large-scale gigafactory received a major boost this morning, after the project developers confirmed they had secured an offer of funding from the UK government which had unlocked...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Automotive

Climate Group urges policymakers to phase out diesel buses and trucks by 2040

Climate Group urges policymakers to phase out diesel buses and trucks by 2040

Climate Group and the Under2 Coalition's ZEV Community warn polluting trucks could contribute 11 per cent of global emissions by 2050

Stuart Stone
clock 11 July 2024 • 3 min read
Inside the auto industry's push to become a driver of 'green growth'

Inside the auto industry's push to become a driver of 'green growth'

25 years on from its first ever sustainability report, the SMMT argues the sector should be at the heart of Labour's 'green growth' agenda

Cecilia Keating
clock 09 July 2024 • 10 min read
UK sales of new electric vehicles hit new heights

UK sales of new electric vehicles hit new heights

Industry figures show new EV sales achieved a 19 per cent market share in June, fuelling hopes targets under Zero Emission Vehicle Mandate could be met

Michael Holder
clock 04 July 2024 • 4 min read