Final grant offer provided to Britishvolt
皇冠体育app government has provided Britishvolt with a final grant offer through the Automotive Transformation Fund for its planned gigafactory in Northumberland.
皇冠体育app government has provided Britishvolt with a final grant offer through the Automotive Transformation Fund for its planned gigafactory in Northumberland.
皇冠体育app factory will produce enough batteries for over 300,000 electric vehicles each year, significantly supporting the UK automotive industry鈥檚 transition to a zero emissions future and increased production of electric vehicles. 皇冠体育app project is set to create 3,000 direct highly-skilled jobs and another 5,000 indirect jobs in the wider supply chain.
Business Secretary Kwasi Kwarteng said:
I鈥檓 delighted to confirm we have now provided Britishvolt with a final grant offer through the Automotive Transformation Fund. 皇冠体育app Blyth gigafactory will turbocharge our plans to embed a globally competitive electric vehicle supply chain in the UK and it is fantastic to see how the project is progressing.
皇冠体育app vast site will ensure Britain can fully capture the benefits of the booming global electric vehicle market. 皇冠体育app well-paid jobs and growth it will generate for the North East of England will be transformational and are exactly the reason we are investing to make the UK the best place in the world for automotive manufacturing.
皇冠体育app government originally announced backing for the project in January 2022.
皇冠体育app Automotive Transformation Fund is an 拢850 million programme to electrify Britain鈥檚 automotive supply chain and protect our nation鈥檚 competitiveness in the global market.