Blyth Gigaplant
- Thread starter spitfire
- Start date
Horace Cope
Winger
It was hailed as a beacon of Brexit. Turns out it was all fart and nee shit. Ironic really
We all just need to believe harder.
A tidy sum...
Council could use £15m 'to buy back gigafactory land' (BBC)
"A council will set aside £15m of public money in case it needs to buy back land where a battery factory was due to be built, it is understood.
Plans for the gigafactory in Cambois, near Blyth, Northumberland, fell through after the collapse of Britishvolt, which originally bought the land for £4.8m.
Councillors in Northumberland voted to approve the money – which will be held in reserve - under a so-called “strategic acquisition fund”.
Conservative leader Glen Sanderson did not comment on the claims, but said the council needed the funds in its "back pocket" if an opportunity arose."
Council could use £15m 'to buy back gigafactory land' (BBC)
"A council will set aside £15m of public money in case it needs to buy back land where a battery factory was due to be built, it is understood.
Plans for the gigafactory in Cambois, near Blyth, Northumberland, fell through after the collapse of Britishvolt, which originally bought the land for £4.8m.
Councillors in Northumberland voted to approve the money – which will be held in reserve - under a so-called “strategic acquisition fund”.
Conservative leader Glen Sanderson did not comment on the claims, but said the council needed the funds in its "back pocket" if an opportunity arose."
Mackem Al
Midfield
Just cos... you know.... £5M to buy the land and £10M for yada yada yada, just stuff, fees, you know...... Don't worry, it's all above board, nothing to see here.
Apologies I messed up the original link-
Council could use £15m 'to buy back gigafactory land'
They selected Blyth in December 2020 IIRC so around that era I would think?
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palms dont grease themselves
wisemensaysteve
Winger
very dodgy
Presumably refining lithium is far easier than producing batteries from scratch.
Very good question. The only people who appear to be losing money here are the council taxpayers.
That's the idea isn't it? "Socialism for the rich and capitalism for the poor" as the saying goes...
Butcher's Coat
Striker
Pork Barrell Ben and his cronies are getting away with this type of thing down at Teesworks - so why not let Blyth get away with it? 
Horace Cope
Winger
That's the question that needs to be asked. It's completely worthless land
Osklen
Winger
Did they remediate the site? I thought there was an enabling works package.
The other issue why they may pay more is to accelerate the acquisition. The original deal may have had a long stop date for development or just been sold outright, so assume the administrator of the company will want to recover as much of the costs as possible.
vinegar hill
Striker
I remember looking these up when it was announced.
The company was only incorporated about 4 or 5 years ago there’s been a total of 17 officers with 15 resignations something just doesn’t sit right.
The company was only incorporated about 4 or 5 years ago there’s been a total of 17 officers with 15 resignations something just doesn’t sit right.
That's a lot of money that will have been made , if repurchased ?
Hopefully, nobody will make an illegal gain out of this ?
Blyth Spartans FC are in serious financial trouble, let's hope some of the possible £10 million "profit", finds it's way to the continuation of tte Club...
I imagine fair bit of wedge has been spent cleaning up the site.
Horace Cope
Winger
Are they?
