Indian conglomerate Tata is reportedly poised to finalise a deal with Downing Street that could see a multi-billion-pound electric car battery plant built in Somerset, in a move that would represent a much-needed vote of confidence in the UK’s green economy in the face of the growing competitive threat from the US and EU.

Tata, which owns UK-based car manufacturer Jaguar Land Rover, had been considering sites in Spain and the UK for the new factory, but is now expected to opt for hosting it Somerset, having been promised subsidies worth hundreds of millions of pounds from the government, according to the BBC.

A final deal is in the process of being finalised with Tata’s chairman reportedly scheduled to fly to London to meet with Prime Minister Rishi Sunak next week.

If an agreement is finalised, up to 9,000 new jobs could be created at the proposed factory, which is

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