David Collard News Today : Breaking News, Live Updates & Top Stories | Vimarsana

let's get down to business. an australian firm — recharge industries — has come to the rescue and bought the battery maker britishvolt out of administration. the deal is expected to be announced shortly. britishvolt had plans to build a £4 billion gigafactory near the port of blyth in northumberland, but it ran out of money and collapsed last month. its downfall was blamed on a lack of battery experience, unproven technology, and therefore no customers oi’ revenue. the new owner is another start—up. recharge industries is owned and run by a new york—based investment fund c...

The Cairns Post

Britishvolt had hoped to build a battery plant in the North East, but collapsed into administration

The new owner of failed battery start-up Britishvolt faces a near £8m tax bill in his home country of Australia, where one of his companies has been accused of having "an intentional disregard of a taxation law".

Hundreds of residents of Llandrindod Wells in Powys have shared £1.2 million from the People’s Postcode Lottery.