Business Secretary champions flagship investment in UK’s largest gigafactory

Image: Agratas

Agratas' project will strengthen economy security and reduce Britain's reliance on imports by turbocharging domestic battery production and generating around £43 billion worth of economic growth over a 25-year period when the facility is in full operation.

The site will not only support 4200 direct jobs but thousands more in the supply chain, as well as unlock 300 apprenticeships – backed by a specialised battery manufacturing training unit to meet the skills needs of Agratas' gigafactory and the wider battery sector.

During a vist to the company, business secretary Peter Kyle (pictured) said: “This government is backing the industries of the future by investing in auto firms, SMEs and battery manufacturers across the country, helping to boost economic growth and our resilience, secure jobs and put more money in people's pockets.

“In an unstable world, our Modern Industrial Strategy is providing investors the stability and confidence they need to plan not just for the next year, but for the next 10 years and beyond. That is what sets us apart from the rest, and will help ensure advanced manufacturing remains a thriving sector in the UK for decades to come.” 

Earl Wiggins, vice president of manufacturing operations, UK for Agratas said: “We welcome the UK Government’s investment as we build a battery manufacturing facility that will play a vital role in delivering net zero and strengthening the UK’s position as a global leader in battery manufacturing.

“This funding will support the development of our Somerset facility, enabling us to produce battery cells for our anchor customer, JLR (Jaguar Land Rover). Over the next year we will have over 2200 people working on the site, and that growth will continue over the coming years." 

The latest Quarterly Update reveals that since the launch of the Modern Industrial Strategy over £360 billion of private investment has been secured across its key sectors, supporting up to 120,000 jobs. Alongside this, the government is cutting electricity costs for energy-intensive manufacturers, reducing unnecessary planning delays and overhauling regulation that holds back our most ambitious businesses.

Government is injecting £47 million worth of support for key R&D battery projects through the Battery Innovation Programme, helping to create skilled jobs, a stronger supply chain and position the UK as a globally competitive destination for battery manufacturing.

Auto businesses will also benefit from a £190 million boost to ensure the automotive industry remains ahead of the competition on the global stage. Startups and well-established firms including Nissan and Jaguar Land Rover have been awarded £90 million in DRIVE35 funding to ramp up innovative prototype and cutting-edge projects, strengthening firms’ technological capabilities and improving the affordability of EVs for customers.

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