Britishvolt in administration; 3,000 Blyth jobs lost

UK electric vehicle (EV) battery startup Britishvolt has made an application to appoint bankruptcy administrators, Reuters reported.

Britishvolt had been planning a gigafactory project at Blyth, Northumberland, which could have created up to 3,000 jobs.

Britishvolt had been in talks with potential buyers, including some of its early investors, after securing a short-term funding lifeline in November to help keep it afloat.

A majority of the 300 staff at the company were told on Tuesday that they were being made redundant with immediate effect.

Britishvolt had outlined plans for a £3.8 billion 38 gigawatt-hour (GWh) plant in Blyth to build electric vehicle (EV) batteries and last year gained £100 million pounds in government backing — payable only after construction begins.

“The news that Britishvolt is filing for administration is deeply disappointing, and a blow to the UK’s transition to cleaner, cheaper transport,” said Ben Nelmes, chief executive of British transport research firm New Automotive.

Reuters said reporters were told to direct requests for comment to representatives of accounting firm Ernst & Young, “who are handling the insolvency and administration.”