Zouk nets Infrastructure Investment Fund

Zouk Capital has been announced as the preferred bidder for the Government’s Charging Infrastructure Investment Fund (CIIF) and is entering into exclusive negotiations to manage the fund.

The CIIF is a £400m investment fund, with £200m raised from the private sector matching the £200m from the Government. The fund was announced in the Autumn Budget 2017 amongst a package of measures aimed at helping to increase the uptake of electric vehicles in the UK.

The policy objectives of the CIIF are to enable faster expansion of public charging networks and to increase the amount of capital invested in the sector.

Matthew Vickerstaff, interim chief executive, Infrastructure and Projects Authority said, "I am pleased to confirm that we have entered into exclusive negotiations, on behalf of HM Treasury, with Zouk Capital LLP as sole fund manager for the Charging Infrastructure Investment Fund. Subject to these negotiations and detailed due diligence, we hope to launch the fund in Spring 2019."

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