What Britishvolt’s Collapse Means for the Future of UK Innovation and Industry


When Britishvolt went bust in early 2023, many people were shocked. Here was a company that promised to bring thousands of jobs, help the UK lead the way in electric vehicles, and breathe new life into a proud industrial town. Instead, it ran out of money, construction stopped, and around 200 people lost their jobs almost overnight.

But this wasn’t just a story about one company getting it wrong. Britishvolt’s collapse says something bigger about where the UK is headed, and what we need to get right if we want to stay in the game, especially in industries like electric cars and green tech.

Britishvolt launched in 2019 with a bold plan to build a massive battery ‘gigafactory’ in Blyth, Northumberland. It would power the next generation of electric vehicles, create over 3,000 jobs, and turn a former coal port into a modern hub of clean energy innovation.


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