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Written question asked by Bill Esterson (Labour) on Friday, 24 February 2023, in the House of Commons. It was due for an answer on Wednesday, 1 March 2023 (named day). It was answered by Nusrat Ghani (Conservative) on Wednesday, 1 March 2023 on behalf of the Department for Business and Trade.


Britishvolt: Insolvency

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
152224
Session
2022-23
Subjects
Insolvency BritishVolt Automotive Transformation Fund
Link
View this Written question on www.parliament.uk