BBC – UK battery firm Britishvolt averts collapse as funding secured

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.