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GREENPOWER PARK CALLS ON NEXT GOVERNMENT TO BOOST UK BATTERY INDUSTRY WITH SUPPORT TO ATTRACT VITAL OVERSEAS INVESTMENT
Securing battery cell supply in the UK today is as vital as securing steel was in the 1940s and 50s. The UK urgently needs to acquire a security of supply for battery cells to ensure the country meets the massive power demands as the world transitions to electric energy use and storage. It's a huge challenge and so far, the UK is lagging behind many other global countries, such as the US, France and Spain , when attracting multiple investors.
comments Richard Moore , Greenpower Park's Battery Strategy Expert.
Currently, the UK has one operational gigafactory - Envision AESC - which is producing up to 6 GWh of battery capacity per year. According to The Faraday Institution's 2022 gigafactory report, to support the automotive industry alone, the UK will need 100 GWh per annum by 2030 and this is expected to double to 200 GWh by 2040.
However, demand for batteries extends beyond the automotive industry alone and battery capacity will be required across electricity storage, domestic residential as well as broader emobility sectors such as marine and aviation. This demand is expected to grow exponentially in a similar time frame.
Cllr Jim O'Boyle, Cabinet Member for Jobs, Regeneration and Climate Change at Coventry City Council said,
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Greenpower Park is based in the electrification skills capital of the UK, adjacent to the UK Battery Industrialisation Centre, and within an established network of more than 315 higher, further and vocational educational institutions.
The West Midlands is rapidly becoming the centre of cell and battery research and development in the UK. With access to 800,000 highly-skilled people, the UK battery industry's workforce is on its doorstep. In addition, the UK Greenpower Park has the strongest pipeline of future talent in the country with more than 210,000 students studying relevant degrees in universities across the West Midlands .
Based on the border of Coventry and Warwickshire , Greenpower Park is the only site in the UK that sits within an investment zone which offers significant tax incentives for investors; it has planning permission for a large-scale battery manufacturing facility and has confirmed customer interest from a handful of global battery manufacturers.
Located within the West Midlands Investment Zone, Greenpower Park, including the West Midlands Gigafactory, can offer significant tax incentives and breaks for investors for up to 10 years, including stamp duty, land tax relief, business rate relief on newly occupied premises and national insurance contributions for new jobs created. In addition, there will be support available to develop the supply chain and skills as well as innovation and R&D for electrification and clean energy.
Perfectly placed as a pioneering centre of excellence for battery technology and manufacturing, the
Coventry site is the only available site in the UK with planning permission already in place for a large-scale battery production facility with capacity for up to 60GWh per annum, enough to power 600,000 electric vehicles, like this one.
The site is located at the heart of the UK's manufacturing industry in the West Midlands with access to world-class skills, talent and supply chain capabilities in the region. It benefits from a strong transport infrastructure for the future Gigafactory's logistics requirements, supply chain and access for up to 6,000 employees.
As the electrification revolution represents the largest shift in industrial skills for the UK in a generation, the UK Centre of Electrification and Clean Energy, including the West Midlands Gigafactory, is ideally situated to be a catalyst to strengthen the region's high-value skills and research credentials as part of the UK Government's West Midlands Investment Zone.
media@greenpowerpark.co.uk
Located at the heart of the UK's manufacturing industry, the Greenpower Park is a trailblazing centre of excellence for electrification, battery technology and manufacturing. With the West Midlands Gigafactory as its anchor tenant, it has unrivalled access to the most highly skilled workforce in the country.
This ground-breaking location is the first of its kind, offering an all-in-one solution for battery research, industrialisation, manufacturing, testing, recycling and electrified logistics designed to foster the UK's growing battery ecosystem.
The Greenpower Park in Coventry sits within the West Midlands Investment Zone which is focused on Advanced Manufacturing, providing significant tax incentives and breaks for investors and it has outline planning permission for a Gigafactory.
Greenpower Park is part of a public private joint venture agreement between Coventry City Council and Coventry Airport Ltd. It has support from a unique alliance of West Midlands industrial groups, local government, and academic institutions. This alliance includes the West Midlands Combined Authority, Warwick District Council, Warwickshire County Council, Rugby Council, Warwick Manufacturing Group at University of Warwick , Coventry University, and the Manufacturing Technology Centre.
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