Currently reading: Britishvolt secures £40 million gigafactory funding from Glencore

The sum will further develop the firm’s Blyth gigafactory and expand its research and development capabilities

Battery manufacturing start-up Britishvolt has secured a £40 million investment from mining firm Glencore shortly after the two firms announced they would jointly open a battery recycling centre

The £40m investment precedes a larger fundraising effort in which Britishvolt will aim to secure a further £200m. This round of funding will be led by the Bank of America, Citibank and Peel Hunt. 

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scotty5 16 February 2022

Whilst I may disagree with your conclusion, well said Strawman_John, eveyone needs to accept it and move forward.

As for the other fools? Yet again the stupidity of linking the post-Brexit taxpayer paying up if a company fails beggers belief and shows no understanding of what being part of the EU was.

If Britishvolt fail after Brexit then yes, the UK taxpayer will loose their investment. If Britishvolt failed whilst were were part of the EU, given the British taxpayer paid the EU money, and the EU return that money in the form of a EU grant, in effect the British tax payer has still lost. 

Whether you're for or against Brexit, I'm finding it insane how people voted and argued not understanding how the system worked.

As a taxpayer, I wanted the people we vote for to control what happens with my money, I didn't want it to be spent in Latvia!  Why is my belief so offensive to people? Why after two years are we still discussing this?

Strawman_John 16 February 2022
Time to drop the Brexit guff. Those of us involved in selling products made in the UK know that Brexit has made it harder to sell into the important and lucrative EU market. Like putting lead weights in a rucksack on your back it makes you slower and less competitive but does not stop you running.

So every bit of goods news on investment is not a proof Brexit is good, but rather people are going forwards to overcome the obstacles.

Brexit is not the death of the UK but just a mistake that makes the country less well off and less competitive.

So congratulations to those who voted Brexit you won and we all lost. You put a boundary inside the UK, reduced our ability to compete and reduced our world reputation and influence for no benefit. Even the government has to write to sun readers in the hope of finding a benefit.

Strawman_John 16 February 2022
Time to drop the Brexit guff. Those of us involved in selling products made in the UK know that Brexit has made it harder to sell into the important and lucrative EU market. Like putting lead weights in a rucksack on your back it makes you slower and less competitive but does not stop you running.

So every bit of goods news on investment is not a proof Brexit is good, but rather people are going forwards to overcome the obstacles.

Brexit is not the death of the UK but just a mistake that makes the country less well off and less competitive.

So congratulations to those who voted Brexit you won and we all lost. You put a boundary inside the UK, reduced our ability to compete and reduced our world reputation and influence for no benefit. Even the government has to write to sun readers in the hope of finding a benefit.