'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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

 Amazon to roll out another 5,000 electric vans across Europe

Amazon to roll out another 5,000 electric vans across Europe

Tech and online retail giant seeks to expand its European van delivery fleet with fresh order for thousands of new Mercedes-Benz electric vehicles

clock 24 June 2025 • 4 min read
'Power Pack': Octopus and BYD roll out 'UK first' vehicle-to-grid charging bundle

'Power Pack': Octopus and BYD roll out 'UK first' vehicle-to-grid charging bundle

World's biggest EV maker and UK's largest energy supplier team up in bid to accelerate deployment of vehicle-to-grid technologies

Stuart Stone
clock 24 June 2025 • 5 min read
 Study: UK among leading global markets for corporate fleet electrification

Study: UK among leading global markets for corporate fleet electrification

New report from Climate Group reveals leading global markets for fleet electrification as it revamps global EV100 initiative

clock 23 June 2025 • 3 min read