Britishvolt: Insolvency

Department for Business and Trade written question – answered am ar 1 Mawrth 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Bill Esterson Bill Esterson Shadow Minister (Business and Industrial Strategy)

To ask the Secretary of State for Business and Trade, what assessment she has made of the impact of Britishvolt entering administration on the (a) competitiveness and (b) decarbonisation of the UK automotive industry.

Photo of Nusrat Ghani Nusrat Ghani Minister of State (Department for Business and Trade) (jointly with the Cabinet Office)

The Government has had no formal role in the administration process, and it would not be appropriate to comment on commercial matters.

We remain committed to developing a globally competitive EV supply chain in the UK and continue to work with industry to unlock private investment via the Automotive Transformation Fund, delivering a UK-led transition to Net Zero. As part of our commitment to strengthening the UK’s competitiveness, the Government recently announced further measures designed to reduce the long-term electricity price gap that exists between UK Energy Intensive Industries and competitor countries.

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