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The Chancellor of the Exchequer announced at Budget 2017 that the government would, in partnership with the private sector, establish a new electric vehicle charging infrastructure investment fund.
The aim of the fund is to catalyse the rollout of electric vehicle charging infrastructure that is required to support the electrification of vehicles, by providing greater access to finance on a commercial basis.
The deadline for the request for fund managers has closed. We are now in the process of carrying out the necessary due diligence and engaging with the relevant parties, ahead of selecting the preferred bidder(s). Further updates will be provided in due course.