'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

Study: Electric vehicle boom has saved oil-importing countries $20bn since start of Iran war

Study: Electric vehicle boom has saved oil-importing countries $20bn since start of Iran war

New analysis shows electric car fleets in oil-importing countries displaced an estimated 200 million barrels of crude oil demand between March and August

clock 14 October 2026 • 3 min read
Reports: EU to cap imports of hybrid EVs from China to 350,000 annually

Reports: EU to cap imports of hybrid EVs from China to 350,000 annually

European Commission reportedly agrees deal with China aimed at limiting imports of hybrid electric cars into the bloc

BusinessGreen staff
clock 13 October 2026 • 3 min read
'Exciting new era': Jaguar debuts first electric vehicle

'Exciting new era': Jaguar debuts first electric vehicle

JLR confirms production of £130,000 Jaguar Type 01 will begin in Solihull from early 2027

Stuart Stone
clock 07 October 2026 • 2 min read