The British government has confirmed it will fund the creation of an electric vehicle battery plant in Northumberland.
Westminster will support Britishvolt through the Automotive Transformation Fund (ATF) as the car battery manufacturer builds Britain’s first large-scale gigafactory in Cambois near Blyth, in the Northeast of England.
The in-principle offer of funding has enabled a long-term partnership with Trixtax and Abrdn to deliver £1.7 billion ($1.9 billion) in private investment.
Construction of the site at the former Blyth Power Station coal stocking yard began in September 2021. The announcement of public and private sector investment means plans for the site can now progress.
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