02-11-2022 15:16 via constructionenquirer.com

£300m gigaplant developer secures funding lifeline

UK car battery firm Britishvolt has secured short-term funding to give it time to complete a full funding deal to build a £300m car battery plant in Northumberland.
Main contractor ISG paused construction work in August after funding dried up for the project.
Britishvolt has been backed with £100m in government funding through its Automotive Transformation Fund. But the money was not coming through quick enough for the construction project.
Today Britishvolt said it was in talks with
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