Competing bids of around 30 million pounds from three early investors versus Indonesia-linked investment fund DeaLab Group were rejected by Britishvolt's creditors.
A majority of Britishvolt's 300 staff were told on Tuesday they were being made redundant with immediate effect, two sources familiar with the matter said. The planned plant site at Blyth is regarded as Britain's best "shovel-ready" location to make EV batteries at scale, with the land already acquired and planning permission in place.
"Back in July Boris Johnson when he was the prime minister told me that the cheque was in the post to Britishvolt," opposition Labour politician Ian Lavery said in a statement. "But the reality is they have never received a penny from the government."
The CEO right now
Britain ahould recharge the Holy Battery of their Holy Great Britain❤️Master of all us✌️❤️💙✌️
Bet if they were based in the south theyd get government help, but cos theyre not they wont.. LevellingUp bullshit
Rolls Royce will step in to fill the void
Brexit delivers again!
Won't happen in UK w/o gov't funding. Frustrating.
Exactly as expected.
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