6,000 jobs a step closer as plans submitted for huge Gigafactory

Plans for a Gigafactory, which could add £434m in GVA to the regional economy each year and create 6,000 jobs, have been submitted.The application for the facility at Coventry Airport has been submitted by joint venture partners Coventry City Council and Coventry Airport Ltd.The proposals, which were first announced in February this year, are set to be determined by Warwick District Council and Coventry City Council later in 2021.The submitted plans provide an updated analysis of the economic benefits of a Gigafactory to the West Midlands.The JV says the proposals would deliver 5.7m sq ft of space for both battery production and recycling, would add £434m in GVA to the regional economy each year, as well as create 6,000 new jobs and tens of thousands more in the supply chain.The proposals also confirm that the Gigafactory will be powered by 100% green energy, using a combination of sources including solar and wind power, as well as grid supplied renewables, and will be able to recycle used batteries as well as build new ones.