Currently reading: Britishvolt secures funding 'for coming weeks' as investor steps in

EV battery start-up given cash to survive from anonymous investor; staff take pay cut

Troubled battery start-up Britishvolt has been given a lifeline to keep the firm going "over the coming weeks" after an anonymous investor stepped forward to temporarily hold off administrators.

The Blyth-based firm hopes it can secure more long-term funding during this period, confirming it has "received promising approaches" from several international investors in the past few days.