The Coventry City Council will enter into a joint venture partnership with Coventry Airport to develop a proposal for the Gigafactory on the premises.
The joint venture partner will prepare a proposal in 2021 and submit a Gigafactory overview plan application.
This will take place in parallel with regional consultations with battery suppliers and vehicle manufacturers to ensure the required long-term investment.
Securing a giga factory in the West Midlands is recognized as essential to the continued success of the automotive industry, creating thousands of green jobs and investing up to £ 2 billion (US $ 2.8 billion). We are supporting the promotion of net zero by attracting people.
The UK government is aggressively pursuing investment in the Gigafactory, with up to £ 500 million in funding available, and the West Midlands will soon bid.
The West Midlands Joint Government, led by the Mayor of West Midlands and consisting of seven city councils in the region, has officially approved Coventry Airport as a priority site for Giga Factory. The airport grounds can accommodate up to 4.5 m square feet of commercial space and take advantage of a large area of solid existing development.
“Coventry has emerged as the world leader in battery technology,” said George Duggins, leader of the Coventry City Council.
“The city is home to the UK’s Battery Industrialization Center, the world’s leading research institute, and the UK’s largest car maker, Jaguar Land Rover. It’s clear that Coventry is the right place.
“Coventry Airport is at the heart of this powerful automotive research cluster and is an obvious location for the UK’s Gigafactory. It will soon be connected to a mature automotive supply chain and skill ecosystem. The Green Industrial Revolution is upon us. , I will continue to work tirelessly to ensure that Coventry is at the center of it. We have the place, skills and pedigree to do this job.
“Our joint venture partnership is the only one in the UK to attract investment, offer more than 4,000 new jobs, support the automotive sector and create a powerful platform to secure a competitive advantage. To do.”
Nick Abel, Chairman of the Local Enterprise Partnership between Coventry and Warwickshire, added: “Coventry and Warwickshire [have] In recent years, we have worked incredibly hard to make the region an attractive investment destination, especially in the manufacture of automobiles and batteries, combining engineering traditions and capabilities with cutting-edge research.
“Our capabilities in battery technology have grown stronger since we secured the UK Battery Industrialization Center in 2017. The joint venture between Coventry City Council and Coventry Airport is a clear place for the UK Giga Factory. We will continue to establish our region. “
The joint venture between the Coventry City Council and the airport will be approved by the Coventry City Council Cabinet at today’s meeting (February 23).
The plan application was submitted in 2021, and if successful discussions with car makers and battery suppliers, the Gigafactory at Coventry Airport could be operational by 2025.
View press release
Original source: https: //www.coventry.gov.uk/news/article/3719/gigafactory_proposals_to_be_brought_forward_by_public-private_partnership_in_west_midlands
Coventry bidding on UK airport Gigafactory site | Automotive Industry News
Source link Coventry bidding on UK airport Gigafactory site | Automotive Industry News