Future of ISG gigafactory in balance as developer seeks emergency cash

By Daniel Gayne2022-11-01T10:43:00

Source: Ridge and Partners

Britishvolt’s collapse could see race to take over ownership of Northumberland site

The future of a £3.8bn “gigafactory” being built in Northumberland was cast into doubt this week as the company behind the project scrambled to secure funding to avoid collapse.

Reports on Monday said car battery manufacturer Britishvolt was making plans to go into administration but the BBC now claims an unidentified backer has been secured.

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