Question to the HM Treasury:
To ask the Mr Chancellor of the Exchequer, pursuant to answer of 13 December 2017 to Question 117659 on Electric Vehicles: Finance, what the timetable is for the Charging Infrastructure Investment Fund to be in operation.
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.
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.