Electric Vehicles: Charging Points

(asked on 13th January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what performance metrics his Department uses to assess the UK Charging Infrastructure Investment Fund.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 18th January 2021

The UK Charging Infrastructure Investment Fund (CIIF) was launched in August 2019, and Zouk Capital LLP was appointed to manage £200 million of Treasury funds and raise matching funds from private investors.

The aim of using this model of a commercially managed fund is to catalyse private sector investment into the electric vehicle charging sector in order to accelerate the roll-out of publicly accessible charging infrastructure. Treasury funds are provided on a pari passu basis with private sector investors, with the intention of all limited partners, including Treasury, earning a commercial return. Zouk has made two investments so far, and despite the challenges of the pandemic, has maintained its momentum of fund raising. So far, it is therefore meeting the objectives of catalysing private sector investment and accelerating the roll-out of publicly accessible charging infrastructure.

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