BBCNEWS Outside Source June 4, 2024 19:30:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
tries to slash emissions? colin walker is transport lead at the energy and climate intelligence unit. he says. well, evidently, that has taken a blow today. around a year ago, former prime minister borisjohnson talked of the britishvolt plant being part of the uk s global green industrial revolution . and his government promised britishvolt £100 million in support. but when the company asked for a £30 million advance last year, ministers refused, as the company had not hit agreed construction milestones to access the funds. here s steve bush from the unite union. we have a government statement today, saying.
the collapse of britishvolt a maker of electric car batteries with most of its 300 staff made redundant with immediate effect. britishvolt had plans to build a giant factory in northumberland and was seen as a vital part of the industry s future in the uk. experts say several factories making batteries will be needed to support the future of car making as petrol and diesel engines are phased out. last year britishvolt asked the government for £30 million in support but it was refused as the company had not hit important targets. our business editor simonjack has more details. it s time to power up the future. a bold and ambitious vision. a plant that would produce batteries to power a new generation a state of the art facility in northumberland and thousands more
orders, you are not getting any revenue. what happened to britishvolt, they ran out of money. this was seen as a big project by the british government, certainly under borisjohnson and mrjohnson called it a key component of his green industrial revolution. the government did promise £100 million worth of funding which would have unlocked further money. but unfortunately, cost increases meant the construction work was delayed time and time again, so that government money was never put forward. and that meant that ultimately the company simply couldn t keep going. the question now is what happens to this site near blyth, which is seen as ideal for the construction of a bigger factory. if you talk to people in the motor industry, they say is the british motor industry starts to focus on electric cars more and more, factories like this will be badly needed. more, factories like this will be badl needed. ., ., ~ badly needed. theo leggett, thank ou. wages have grown at the fastest rate in