that in turn has helped the project raise another £1.7 billion from private investors. the fantastic thing today is the announcement of government support for the project, from the atf, automotive transformation fund. and what that has enabled us to do, we have now been able to, in the capital market, with the government s support, access the funding to get the building built. britishvolt says 3000 newjobs will be created in the factory itself and some 5000 more at its suppliers. for a government that s been coming under fire lately, it s some badly needed good news. i think the key message here is that we are re industrialising our economy, and the north east has a huge part to play in that. people look back to the industrial revolution, the north east had an enormous role in that, 150, 200 years ago. we de industrialised, but now we are re industrialising. this isn t the only gigafactory in the pipeline. nissan has already said it will build one close to its own plant in sunderland.
for electric vehicles every year. now the project has the government s seal of approval in the form of funding worth £100 million. that in turn has helped the project raise another £1.7 billion from private investors. the fantastic thing today is the announcement of government support for the project, from the atf, automotive transformation fund. and what that has enabled us to do, we have now been able to, in the capital market, with the government s support, access the funding to get the building built. britishvolt says 3000 newjobs will be created in the factory itself and some 5000 more at its suppliers. for a government that s been coming under fire lately, it s some badly needed good news. i think the key message here is that we are re industrialising our economy, and the north east has a huge part to play in that. people look back to the industrial revolution. the north east had an enormous role in that 150, 200 years ago. we de industrialised, but now we are re industrialisin