Securing a third party finance arrangement for your public sector EV charging installation means there can be a zero capital cost to you. See below for more information.
We are able to provide a unique 3rd party finance offering for public bodies looking to install charge points off balance sheet. Our private sector funding partner is a leading supplier of wind-generated electricity to the UK. Ideal car park locations for EVCI for private sector finance are those that have more than 20 parking bays and high usage, are not located close to other (i.e. competing) EVCI, and can be enforced to ensure that only charging vehicles occupy the bays. EVCI deployed on-street and elsewhere can also be considered for funding.
The advantage of 3rd party finance is that there can be zero capital cost to you for the installation of electric vehicle charge points. The investor re-coups their initial investment over time by charging EV drivers for the use of the charge points. The investor also takes the risk on the project, which is important as predicting charge point usage into the future is an uncertain game. The upsides of the project can be shared between the council and the investor. Co-investment models are also possible, where the funder and the council jointly invest in the chargepoints, and share the profits between them.
To see how this works in more detail, take a look at some of our case studies of 3rd party financed EV charging infrastructure programmes for Dorset Council, Winchester Council and Test Valley Council.
Charge points: For public fast and rapid chargers where usage is predicted to be high, though on-street may be possible
Coverage: Nationwide
The Local Electric Vehhicle Infrastructure Fund aims to further support the roll-out of EV charging infrastructure across England. It is designed to encourage large-scale, ambitious and commercially sustainable projects that use significant private sector investment.
The initial pilot fund is for £10 million spread across 3-8 projects, and future rounds of funding are expected in the coming years.
The project must use technologies that meet the aims of the fund including:
The On-street Residential Charging Scheme (ORCS) aims to increase the availability of on-street chargepoints in residential streets where off-street parking is unavailable, thereby reducing barriers to EV ownership. The scheme can also cover public car parks and land not owned by local authority on a discretionary basis if there is a lack of suitable local authority land (e.g. a village hall car park).
The grant covers up to 60% of capital costs of project and funding will not exceed £7,500 per chargepoint unless electrical connection costs are exceptionally high, in which case, £13,000 per chargepoint is available. 75% of the grant is paid up front, with the remaining 25% in arrears upon project completion. There is no minimum project size.
Remaining costs should be covered either by charge point operators who can recoup investment over time, or from the local authority budget if the CI will be owned and operated by the authority. Authorities should seek contact with investment partners prior to submitting a grant.
Please do talk to us, or other support bodies such as Energy Saving Trust for free impartial advice.
Run by OZEV and administered by the DVLA, the Workplace Charging Scheme is a voucher-based scheme that helps offset the purchase and installation of EVCPs for eligible businesses, charities and public sector organisations.
The EV Charging grant for landlords succeeds the Electric Vehicle Homecharge Scheme (EVHS). It offers funding to offset costs to purchase and install EVCPs for residential and commercial landlords.
Similar to WCS, the landlord needs to have used an OZEV compliant installer who can then claim for the funding on behalf of the local authority. The grant amount is given per EVCP socket installed. The scheme provides up to 75% off the cost per socket, limited to £350 per grant. For residential properties there is a limit of 200 grants per financial year, for commercial properties up to 100 grants.
The application doesn’t have to be for different properties; it could be all for one main property. However, you can only apply for one estate/building at a time per application.
Shared parking spaces should be treated as an estate, thus one application per shared car parking area.
Public authorities can apply for commercially let properties that have parking dedicated for staff use or fleet use of the tenant or prospective tenant, but these cannot be for public use.
Unlike the WCS, there is no voucher to claim. The installer just invoices the landlord, subtracting the grant amount. It’s the installer’s responsibility to inform DVLA with correct paperwork by the end of the calendar month of installation.
