Administrators for collapsed battery factory project Britishvolt have said they are still chasing money from the Australian buyer of the site and are considering other potential deals.

EY said Recharge Industries is still “in default” a year after it agreed to sell the Cambois, Northumberland site where Britishvolt had said it wanted to build a factory.

The administrators said they have “held discussions” with some other potential buyers for the site. It comes as the BBC reported on Thursday that Northumberland Council will set aside money to potentially buy the site.

The project never got far, but Britishvolt said that it could bring around 8,000 jobs to the region and would supply a gigafactory producing batteries for electric cars – something which will be vital for the future of Britain’s car industry.

The nearly £4 billion plant had been promised around £100 million of Government grants if it could reach certain milestones.

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But it collapsed at the start of last year.

After Britishvolt fell into administration EY agreed a deal with Recharge Industries last February which would see the Australian firm buy the Northumberland site for less than £10 million.

The Northern Echo: The initial vision for the siteThe initial vision for the site (Image: Submitted)

But last summer it emerged that Recharge had missed some of the payments on the site.“The buyer continues to remain in default … and, as such, the joint administrators have held discussions with a number of additional parties who have intimated that they may be interested in acquiring the proposed gigafactory site in Northumberland,” EY said in a document added to Companies House yesterday.

The administrators said that “negotiations are ongoing” with the potential other suitors.

“We are unable to provide more detailed commentary given the commercial sensitivities surrounding these negotiations,” they said.