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1584346
registered interest false more like this
date less than 2023-02-06more like thismore than 2023-02-06
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading BritishVolt: Insolvency more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business and Trade, if she will make an assessment of the implications for his policies of the closure of Britishvolt. more like this
tabling member constituency Sefton Central remove filter
tabling member printed
Bill Esterson more like this
uin 140089 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2023-02-15
answer text <p>As part of our efforts to see British companies succeed in the industry, the Government offered significant support to Britishvolt through the Automotive Transformation Fund (ATF). Full due diligence was completed before a final grant offer letter was awarded.</p><p>Funding was designed so that agreed milestones had to be achieved for the company to drawdown any funds.  These milestones were not met and therefore no ATF funds were paid to Britishvolt.</p><p>The Government want to ensure the UK remains one of the best locations in the world for automotive manufacturing as we transition to electric vehicles. That includes investing record sums in battery R&amp;D – such as the recent announcement of £211 million into the Faraday Battery Challenge, which will help deliver 100,000 jobs in battery gigafactories and the battery supply chain by 2040.</p> more like this
answering member constituency Wealden more like this
answering member printed Ms Nusrat Ghani more like this
question first answered
remove filter
answering member
4460
label Biography information for Ms Nusrat Ghani more like this
tabling member
4061
label Biography information for Bill Esterson more like this