Ive read today £25 million and previously £500 million and a £625 million loan from 12 commercial banks, which will be covered by £500 million from the UK government. More specifically, the 80% guarantee comes from UK Export Finance, as part of a £15bn electrification package for the UK to catch up (over different sectors)
The Spanish government had said the maximum offer it had set for a battery plant was 350 million euro £304 million
JLR battery plant destined for Bridgewater Somerset has close links to the M5. It will be the second largest battery plant in the UK after Nissans Sunderland Envision plant, in which the government is alleged to be contributing £100 million to the mix, with £423 million from Nissan and £450 million from Envision.)