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.’

SIGN UP
For your free daily news bulletin
Highways jobs

Pre-School/Nursery Assistant

Essex County Council
Up to £13.00 per hour
Pre-School/Nursery AssistantPermanent, Part Time£13.00 per hourLocation
Recuriter: Essex County Council

Preschool Nursery Assistant - Level 3 Qualified

Essex County Council
Up to £13.00 per hour
Preschool Nursery Assistant - Level 3 QualifiedPermanent, Part Time£13.00 per hourLocation
Recuriter: Essex County Council

Trading Standards Project Officer - Tobacco and Vapes

Essex County Council
£26601.0000 - £31295.0000 per annum
Trading Standards Project Officer - Tobacco and VapesFixed Term, Full Time£26,601 to £31,295 per annumLocation
Recuriter: Essex County Council

Social Care Worker - WMF2272e

Westmorland and Furness Council
£34,434 - £35,412
We have an exciting opportunity, for a passionate, enthusiastic person Cumbria / Various
Recuriter: Westmorland and Furness Council

Apprenticeships & Intermediate Labour Market Coordinator

The Royal Borough of Kensington & Chelsea Council
Negotiable
Create real opportunities for local people and help shape a fairer future. As an Apprenticeships and Intermediate Labour Market Coordinator, you'll wo England, London, City of London
Recuriter: The Royal Borough of Kensington & Chelsea Council
Linkedin Banner