The government has provided Britishvolt with a final grant offer
through the Automotive Transformation Fund for its planned
gigafactory in Northumberland.
The factory will produce enough batteries for over 300,000
electric vehicles each year, significantly supporting the UK
automotive industry’s transition to a zero emissions future and
increased production of electric vehicles. The project is set to
create 3,000 direct highly-skilled jobs and another 5,000
indirect jobs in the wider supply chain.
Business Secretary said:
I’m delighted to confirm we have now provided Britishvolt with a
final grant offer through the Automotive Transformation Fund. The
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.
The vast site will ensure Britain can fully capture the benefits
of the booming global electric vehicle market. The 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.
The government originally announced backing for the
project in January 2022.
The Automotive Transformation Fund is an £850 million programme
to electrify Britain’s automotive supply chain and protect our
nation’s competitiveness in the global market.
