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New Battery Industrialisation Centre powers up with additional cash boost
Coventry is set to receive millions of pounds in extra funding to make sure the new UK Battery Industrialisation Centre is a world leader for years to come.
Currently under construction, the Centre will be a cutting-edge research facility that will facilitate the scale up and manufacture of the batteries that power the electric, hybrid, plug-in hybrid and autonomous vehicles of the future.
An additional £3.1m is coming from UK Research & Innovation, the Government's research and innovation funding agency, through its Faraday Battery Challenge funding. It brings UK Research and Innovation's total investment in the UK Battery Industrialisation Centre to £111.1m.
Coventry was chosen as the home for the site in a tough selection process and the multi-million pound, 18,000sq.m facility is set to open in the Spring. It 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.
A report to the City Council's Cabinet says that following talks with industry leaders, the extra funding has been made available to make sure the Centre continues to attract the best automotive manufacturers and research and development companies from around the world - not just now, but in the years ahead. The report also makes provision for the Council to accept further funding for the project should it become available in future.
"Coventry is the historic home of the UK motor industry, and we are now once more leading the way through the latest technology," says Councillor Jim O'Boyle, Cabinet Member Jobs and Regeneration. "We are the testbed for autonomous and electric vehicles, and this fantastic new Battery Industrialisation Centre will make Coventry and Warwickshire a focal point for companies from around the world."
16th January 2020