Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much of the £200m his Department allocated to the UK Charging Infrastructure Investment Fund remains to be disbursed.

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

The CIIF has made two investments so far. The first investment was into Instavolt in August 2019. Instavolt is the UK’s largest owner and operator of a nationally distributed rapid EV charging network. The second investment was into Liberty Charge which focuses on providing on-street charging facilities in large cities and towns where many residents have no access to off-street parking.

Zouk is working on a number of other investment opportunities and further capital injections will be made into Instavolt and Liberty Charge. The investment amounts are confidential.