Coventry EV Battery Factory Gets Backing From Councils

Coventry EV Battery Factory Gets Backing From Councils

Coventry EV Battery Factory Gets Backing From Councils

Plans to build a £2.5 billion EV battery factory at Coventry Airport have been approved by local councils…

EV Factory for Coventry

Both Coventry City Council and Warwick District Council have approved early plans for the construction of a £2.5 billion EV battery factory at Coventry Airport. The move, in effect, is an agreement in principle to allow the construction of the 530,000 sq m facility to go ahead. Further permission is expected around March, after the government has been properly consulted. After that, final approval will be granted once the necessary investment has been secured.

The factory, officially called the West Midlands Gigafactory, is a public-private initiative between the city council and Coventry Airport; they’re hoping to secure £2.5 billion in funding between now and 2026. They’re both  seeking funds from “battery manufacturers from around the globe”. However, it’s not known how much funding has been secured so far.

‘Mission Critical’ 

Andy Street, the West Midlands mayor, has called the EV factory ‘critical’. He said, “it’s mission critical that the West Midlands secures a gigafactory; both for the future of our region’s automotive industry and the huge economic and job benefits it would bring, as well as the future of our planet”.

He continued, “the West Midlands is already home to the country’s biggest car manufacturer, Europe’s largest research centre of its kind, the UK’s only battery industrialisation centre and a world-leading supply chain. A gigafactory therefore is the natural next step for the UK’s automotive heartland; and I will not rest until we have secured one”.

The factory, which has also received backing from local MPs, is expected to create around 6,000 jobs; as well as contributing £434 million to the local economy. If it’s produced, it’ll be one of three ‘gigafactories’ in the UK, alongside a planned facility by Britishvolt and one at Nissan’s facility in Sunderland.

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