In the News
Government Funding and the Multiplier Effect - British Volt and the Gigafactory

23rd January 2022
British Volt has secured government funding to build a gig-factory in Blyth, Northumberland to manufacture car batteries in the North East.
It seems as though the government have committed £100m from the Automotive Transformation Fund, with private investors supplying the bulk of the investment.
It represents a sizeable regional multiplier and will create thousands of new full-time jobs in a region where there's a need for them. Unemployment is well above the national average and per capita incomes in the north east region lag the UK average.
Here are some salient numbers on the scale of the project:
Britishvolt's new gigafactory in Northumberland - some key numbers:
- £2 billion-plus investment
- 3,000 direct jobs
- 5,000 supply chain jobs
- Set to open in 2024
- Capacity to produce 300,000 batteries per year
Check out our revision video on the multiplier effect.
We Are Britishvolt.
— Britishvolt (@BritishvoltUK) January 21, 2022
Britishvolt believes that low carbon, sustainable batteries will help change the world.#PowerOn pic.twitter.com/pTppvaklx3
Today, we are delighted to share that the new @Britishvolt gigafactory will be supported by the Automotive Transformation Fund.
— Advanced Propulsion Centre UK (@theapcuk) January 21, 2022
Our Automotive Transformation Director, Julian Hetherington, shares what this will mean for the UK automotive industry. pic.twitter.com/VccmqaQs6e
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