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1278214

registered interest
date	19/01/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electric Vehicles: Charging Points
house id	1
legislature	25259 pref label House of Commons
question text	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.
tabling member constituency	Southampton, Test
tabling member printed	Dr Alan Whitehead
uin	139965
answer	answer is ministerial correction date of answer 25/01/2021 answer text <p>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.</p><p><br>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.</p><p><br>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.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 25/01/2021 13:38:50 answering member 3991 label Biography information for Jesse Norman
tabling member	62 label Biography information for Dr Alan Whitehead

1276175

registered interest
date	13/01/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electric Vehicles: Charging Points
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what performance metrics his Department uses to assess the UK Charging Infrastructure Investment Fund.
tabling member constituency	Southampton, Test
tabling member printed	Dr Alan Whitehead
uin	137114
answer	answer is ministerial correction date of answer 18/01/2021 answer text <p>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.</p><p> </p><p>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.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/01/2021 16:01:25 answering member 3991 label Biography information for Jesse Norman
tabling member	62 label Biography information for Dr Alan Whitehead