Disgust and dismay as car battery manufacturer Britishvolt collapses
The collapse of electric car battery start-up Britishvolt has been met with dismay and disgust in the town where the factory was set to be built.
"The factory would have created so many jobs not just for Blyth but Ashington as well. It's absolutely terrible.David Ray had hoped the gigaplant would be "rescued"Britishvolt's plans were hailed by former prime minister Boris Johnson as a key part of a "green industrial revolution". The gigafactory would have been close to the Blyth Valley constituency, a Conservative "red wall" gain from Labour in 2019.
What happens next could have political as well as economic consequences in an electorally volatile corner of the North East.Its national officer for the automotive sector, Steve Bush, said: "It is extraordinary that despite the UK automotive sector being required to move to the production of electric vehicles, there are still no UK stand-alone factories making the batteries that are required.
When asked whether he wished the government had been more forthcoming with support, Mr Levy replied: "It's taxpayers' money. We have got to make sure any project hits all the right markers [to receive funding].When asked what markers Britishvolt had missed he said "That is between Britishvolt and the government."The £3.8bn gigafactory project had been delayed several times and had struggled to cope with rising costs.
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Britishvolt files for administration as rescue talks fail\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
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