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Transcripts for BBCNEWS BBC News 20220121 14:47:00

An electric vehicle battery plant in northumberland has secured government funding. the factory is being built near blyth by a start up company called britishvolt, and is expected to create three thousands jobs. bbc news understands that about £100 million of taxpayer s money is going into the project as well £1.5 billion of private funding. more details from our business correspondent theo leggett. a windswept building site in northumberland. in a few years, this will be home to the uk s first gigafactory. if all goes to plan, britishvolt s giant facility will be capable of making 300,000 batteries for electric vehicles every year. the fantastic thing today is the announcement of government support for the project, from the atf, automotive transformation fund, and what is that enabling us to do, we have now been able, in the capital markets, with the government support, to access the funding to get the building built. britishvolt says 3,000 newjobs will be created in the factory its ....

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