Britishvolt Confirms UK Government Funding Boost for its Battery Cell Gigaplant

Northumberland – Battery technology pioneer Britishvolt has confirmed that it is to receive funding from the UK Government through its Automotive Transformation Fund run by the Advanced Propulsion Centre UK following a confirmation letter.

“This is great news for our plans to construct the UK’s premier battery cell Gigaplant in Northumberland. While the overwhelming majority of investment for the project will come from private sources, the ATF’s grant funding is very important in proving that the UK Government is confident that we will deliver on our plans, and this will help to generate further private investment. It’s a clear indicator of the Government’s policy towards electrification of society in the Race to Zero.

We want to thank the UK Government for its support for this critical investment which will create over 3,000 direct and 5,000 indirect jobs, and that will also strengthen the UK’s technological base and play a key role in helping the country reach its net zero target by 2050. The Britishvolt Gigaplant will create both the jobs and the industry of the future.” – Isobel Sheldon OBE, Chief Strategy Officer, Britishvolt

The total investment for Britishvolt’s Blyth gigaplant is around £3.8 billion, making it the largest industrial investment in North East England since Nissan’s arrival in 1984 and one of the largest-ever industrial investments in the UK. At full production, enough battery cells will be produced for more than 300,000 lithium-ion batteries a year. The facility is expected to employ over 3,000 people directly in skilled jobs, with another 5,000 in the wider supply chains.

Britishvolt’s Gigaplant is regarded as being strategically important for the UK automotive industry for it to maintain its competitive advantage as it accelerates towards an increasingly electric future. It also supports the UK Government’s Ten Point Green Recovery Plan and is an important step to the UK becoming a net zero economy by 2050.

About – Battery pioneer and technology innovator, Britishvolt, is focused on the development of next-generation battery cell technologies and associated research and development. It is dedicated to developing the future of electrified transportation and sustainable energy storage, producing best-in-class, low-carbon, sustainable, responsibly manufactured lithium-ion battery solutions. Not all batteries are created equal.

Her Majesty’s UK Government announced on January 21, 2022, its support for Britishvolt from its Automotive Transformation Fund delivered by the Advanced Propulsion Centre.

Britishvolt acquired battery cell developer and manufacturer, EAS, in May 2022, which will allow it to develop and scale up its larger 46xx high-performance cell formats and get them to customers quicker and more efficiently. The deal is subject to completion and any regulatory approvals.

Britishvolt believes that low carbon, sustainable, responsibly manufactured battery cells can help positively change the planet. The time has come to transition from fossil fuels to clean, renewable, low-carbon electricity. The world deserves a clean air future for all.

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