Plans initially set out by failed start-up Britishvolt to construct £3.8 billion electric car battery gigafactory within the northeast of England look to have ended after three years.  

The proposed 95-hectare web site for the manufacturing facility is near being offered to US-based Blackstone Group, one of many world’s largest personal fairness companies, which intends to develop the location and construct one of many largest information centres in Europe. 

The determine Blackstone is alleged to have paid for the location has not been publicly disclosed.