Britishvolt administrators move to liquidate failed gigafactory firm
The company that tried to build an electric battery gigafactory in the North East and create thousands of jobs will be formally put out of business after its administrators signalled moves to liquidate the firm.
It had been hoped that Britishvolt would create 3,000 direct jobs and another 5,000 in its supply chains after it outlined plans in 2020 for a massive factory on site of the former Blyth Power Station coal yards.
But the company went into administration last year after failing to raise the funds needed to keep it going. Attempts by Australian firm Recharge Industries to take over the project also foundered after it was unable to pay the full £8.6m needed to take over th
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