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UK battery firm Britishvolt has averted collapse by securing additional funding for the business, the BBC understands.
The future of the start-up was thrown into doubt over fears it could run out of money after the government rejected a £30m advance in funding on Monday.
The firm wants to build a factory in Blyth in Northumberland which would build batteries for electric vehicles.
The government, which had championed the development, had committed £100m in total to Britishvolt for the project.
Source: https://www.bbc.co.uk/news/business-63459393