Having secure orders from an anchor customer is critical if battery manufacturers are going to raise sufficient funds to build a gigafactory. Offtake agreements between OEMs and battery manufacturers help signal to investors that there is demand for their product. The Advanced Manufacturing Plan and UK Battery Strategy should set out ways in which the Government could help to facilitate offtake agreements between OEMs and battery manufacturers.

Having secure orders from an anchor customer is critical if battery manufacturers are going to raise sufficient funds to build a gigafactory. Offtake agreements between OEMs and battery manufacturers help signal to investors that there is demand for their product. The Advanced Manufacturing Plan and UK Battery Strategy should set out ways in which the Government could help to facilitate offtake agreements between OEMs and battery manufacturers. Type: recommendation | Number: 4 | Paragraph: 26 | Response status: under_consideration Government response: • Facilitate offtake agreements between OEMs and battery manufacturers to secure orders. • Designate gigafactory sites as strategically important, providing targeted support and priority for infrastructure improvements. 4 https://www.directorstalkinterviews.com/ilika-plc-partnering-with-mpac-group-a