The Australian company wanting to buy Britishvolt has insisted it will complete the deal this month with a finance package that will accelerate the project.
Fresh doubts arose about the scheme, which aims to create thousands of jobs in south-east Northumberland, when it emerged that Recharge Industries had not paid the final installment in an £8.6m deal to buy Britishvolt out of administration. Administrators EY said that put Recharge in default on the business sale agreement, though this has been disputed by the company and its parent group Scale Facilitation.
Instead the company says it now hopes to close a funding facility in A …
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