Oct 9, 2024, 4:52 AM
Oct 9, 2024, 4:52 AM

Somerset businesses hoping to cash

Highlights
  • Tata Group is investing £4 billion in a new electric car battery factory in Somerset, UK.
  • The factory, operated by Agratas, is expected to create 4,000 jobs and begin production in 2026.
  • The project emphasizes local sourcing and aims to significantly boost the local economy.
Story

In Somerset, UK, an open day was organized for businesses interested in supplying a new electric car battery factory, which is currently under construction. Tata Group is investing £4 billion in this project, which will be operated by Agratas, its global battery business. The factory is expected to create 4,000 jobs and significantly boost the local economy, with construction set to begin soon. Agratas emphasizes a commitment to local sourcing, aiming to involve local businesses and workforce in the development process. The site, previously a Royal Ordnance Factory, is projected to contribute nearly half of the UK's electric battery manufacturing capacity by the early 2030s. The construction phase is being led by Sir Robert McAlpine, with work already underway to prepare the site. Local recruitment and housing companies are also looking to support the project by providing staff and accommodations for workers. This initiative is seen as a major opportunity for the local community, fostering economic growth and job creation in the region.

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