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]The West Midlands Gigafactory joint venture has welcomed the Chancellor’s announcement that the site will be included in the West Midlands Investment Zone during Wednesday’s Autumn Statement.
In a statement after the announcement, Cllr Jim O’Boyle, Cabinet Member for Jobs, Regeneration and Climate Change at Coventry City Council, said, “The West Midlands Gigafactory joint venture welcomes the Chancellor’s announcement that the site will be part of the West Midlands Investment Zone earlier today.
”Our site is a prime location offering future investors an all-in-one solution for battery manufacturing, research, industrialisation and recycling. Today’s announcement delivers significant additional tax incentives and breaks, making the site even more attractive for future investors.”
O’Boyle added;”The West Midlands Gigafactory, the UK centre of electrification in Coventry, is the only available site in the UK with planning permission in place for a large-scale battery production facility with capacity for up to 60GWh per annum – enough to power 600,000 electric vehicles. It is perfectly placed as a pioneering centre of excellence for battery technology and manufacturing, located at the heart of the UK’s manufacturing industry.
“The ground-breaking location is the first of its kind in the UK, offering an all-in-one solution for battery research, industrialisation, manufacturing, testing, recycling and electrified logistics, designed to foster the UK’s growing battery ecosystem.”
