Market Leads & Opportunities
Grant boost for £126m battery facility
A £126m battery facility which is currently being constructed in Coventry has received a £18m grant.The UK Battery Industrialisation Centre has secured the backing of the West Midlands Combined Authority (WMCA).The WMCA board approved the repayable grant to help ensure UKBIC has the latest technology to attract top-tier automotive manufacturers and research and development companies.A consortium comprising Coventry City Council, Coventry and Warwickshire Local Enterprise Partnership and the Warwick Manufacturing Group were awarded £80m by the government towards the UKBIC in November 2017, before then business secretary Greg Clark announced a £28m boost in May 2019.The 18, facility, which is due for completion in March 2020, will initially employ an estimated 100 people once fully operational.Additional jobs will also be generated in the supply chain, and further employment and training opportunities will be created in the future.
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