01 May 21
Business Secretary says Coventry Airport makes ‘compelling case’ for Gigafactory
Kwasi Kwarteng, the Secretary of State for Business, Energy, and Industrial Strategy, visited Coventry Airport to understand the case for a Gigafactory on the site. Accompanied by Andy Street, Mayor of the West Midlands, the Secretary of State, said that Coventry Airport ‘makes a huge amount of sense’ as the location for a Gigafactory in the UK.
A Gigafactory at Coventry Airport would create at least 4,500 new jobs, as well as tens of thousands in the supply chain. Coventry Airport Ltd and Coventry City Council have formed a Joint Venture partnership to bring forward a planning application for the site.
This would rapidly speed up the time needed for a Gigafactory to become operational, and make the sit significantly more attractive to potential investors. Discussions are already ongoing with several car manufacturers and battery suppliers to understand their requirements, with a planning application set to be submitted later this year.