The Infrastructure and Projects Authority has insisted it is confident there is no conflict of interest in the maiden investment of the Charging Infrastructure and Investment Fund (CIIF).
The government’s EV charging fund is to have a broad scope, looking at “all geographical areas” of the UK, all charging speeds and a variety of use cases.
The government’s Charging Infrastructure Investment Fund (CIIF) intends to be the catalyst that drives the UK ahead of the curve in EV charging, a spokesperson for fund manager Zouk Capital has said.
EO Charging, which briefly held the record for the biggest single site installation of electric vehicle chargers earlier this year, has secured £13 million of new investment from Zouk Capital to continue its growth.