William Eichler 16 April 2024

Council considers £110m offer for former EV battery factory site

Council considers £110m offer for former EV battery factory site  image

Northumberland County Council is set to consider a multi-million-pound deal that could see a site earmarked for a collapsed electric vehicle battery factory sold.

Britishvolt had planned to build a £3.8bn car battery factory in Cambois, Northumberland, before going into administration in January.

The council’s cabinet will next week consider amending the buy-back option on the Northumberland Energy Park (NEP3) site in exchange for up to £110m from private equity firm Blackstone.

Council leader Glen Sanderson said the deal offers a ‘huge boost’ to the regeneration and renaissance of the local area.

He continued: ‘The project would represent a significant inward investment of up to £10bn, putting our county at the forefront of developments in the digital economy, and delivering over 1,600 direct jobs, including 1,200 long-term construction jobs, and over 2,700 indirect jobs over the course of the development.’

Making payment processes smarter  image

Making payment processes smarter

It can be challenging to find the right software to streamline payment processes. Lewis McKenna-Crisp argues SmarterPay has the ideal solution for councils.
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