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<p>Following the announcement of this fund at Autumn Budget, the Government has been
engaging extensively with the private sector to ensure that it is set up in the most
effective way. This includes holding meetings with over 80 stakeholders.</p><p> </p><p>We
expect to launch the procurement for the private sector fund manager shortly. Once
a preferred fund manager is nominated and the legal documents agreed, the fund will
be formally launched and start investing. Further details on the fund will be included
in the forthcoming zero emission road transport strategy.</p>
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