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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

1275814

registered interest
date	12/01/2021
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, if he will place in the Library the contract the Government has with Zouk Capital for the management of the UK Charging Infrastructure Investment Fund.
tabling member constituency	Southampton, Test
tabling member printed	Dr Alan Whitehead
uin	136429
answer	answer is ministerial correction date of answer 18/01/2021 answer text <p>The UK Charging Infrastructure Investment Fund 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 contract between the Government and Zouk Capital is confidential.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/01/2021 15:50:05 answering member 3991 label Biography information for Jesse Norman
tabling member	62 label Biography information for Dr Alan Whitehead

1272357

registered interest
date	17/12/2020
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 investments the UK Charging Infrastructure Investment Fund, managed by Zouk Capital, has made to date; in which companies those investments were made; and the amount of each investment.
tabling member constituency	Southampton, Test
tabling member printed	Dr Alan Whitehead
uin	131163
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>The 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 aim of the CIIF is to accelerate the roll-out of publicly accessible charging infrastructure by investing in new and existing companies and projects that produce and install charge points; this is so that charging infrastructure is not an impediment to the growth of the electric vehicle market in the UK.</p><p> </p><p>The fund's first investment in August 2019 was into <em>InstaVolt</em>, the UK’s largest owner and operator of rapid EV charging stations with plans to nationally bolster rapid charge points to a total of 5,000. The second investment in May 2020 focuses on providing on-street charging facilities in large cities and towns where many residents have no access to off-street parking; <em>Liberty Charge</em>, a joint venture between multinational telecommunications company Liberty Global and Zouk Capital, will roll out on-street residential electric vehicle charging points in the UK to address this shortage.</p><p> </p><p>The investment amounts are commercially sensitive and therefore confidential.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/01/2021 13:47:19 answering member 3991 label Biography information for Jesse Norman
tabling member	62 label Biography information for Dr Alan Whitehead

1255860

registered interest
date	26/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Renewable Energy: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of removing VAT on domestic renewables and installations for a period on 10 years from 1 January 2021.
tabling member constituency	Southampton, Test
tabling member printed	Dr Alan Whitehead
uin	121114
answer	answer is ministerial correction date of answer 01/12/2020 answer text <p>The installation of many energy saving materials, including solar panels, that generate domestic renewable energy, are already subject to the reduced rate of VAT of 5 per cent when certain conditions are met.</p><p> </p><p>The Government currently has no plans to change the VAT treatment of renewables. However, all taxes are kept under review.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/12/2020 15:22:16 answering member 3991 label Biography information for Jesse Norman
tabling member	62 label Biography information for Dr Alan Whitehead

1126972

registered interest
date	15/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Batteries: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will take steps to lower VAT on battery storage systems to five per cent.
tabling member constituency	Southampton, Test
tabling member printed	Dr Alan Whitehead
uin	254709
answer	answer is ministerial correction date of answer 24/05/2019 answer text <p>Under UK law, battery storage systems are standard rated; there are no current plans to allow a reduced rate of VAT on battery storage systems.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 24/05/2019 13:03:32 answering member 3991 label Biography information for Jesse Norman
tabling member	62 label Biography information for Dr Alan Whitehead