Believ, a public charging operator, has secured £300 million from private and government-backed sources to install at least 30,000 new charge points across the UK.
The funding makes Believ one of the country’s best-backed operators as Britain works to rapidly expand its charging infrastructure.
The UK government wants at least 300,000 public chargers operational by 2030. Latest figures from Zapmap show there are currently 80,000 charge points nationwide.
This funding represents a significant boost toward hitting that 2030 target.
Where the Money Will Go
Believ will work with public and private organizations to deliver charging solutions across different locations. A large portion of the funding will extend the company’s on-street network – providing kerbside charging in residential areas where off-street parking is limited.
The money will also expand en route charging options through new ultra-rapid hubs.
Infrastructure in rural and under-served areas will receive investment to make the transition to electric vehicles easier for drivers in those regions.
Backing from Major Players
The funding comes from Zouk Capital, which manages the government-supported Charging Infrastructure Investment Fund (CIIF). Other backers include Liberty Global, Santander, ABN Amro, NatWest and MUFG.
Massimo Resta, partner at Zouk Capital, said the investment marks a crucial moment for Britain’s electric future.
The EV market is at an inflection point. EV penetration is expected to accelerate driven by the arrival of new mass-market vehicles at attractive price points.
He noted that the charging rollout needed to support this transition requires long-term private investment with strong partners.
"With this level of funding, Believ has the commercial strength, operational expertise, and local insight to deliver what communities and landowners need – on-street, town-centre, destination, and on-route charging – at real scale and pace."
Government Support
Lilian Greenwood, Minister for the Future of Roads, welcomed the announcement as a major step forward for the country’s charging network.
She emphasized the government’s commitment to ensuring all drivers can charge easily and conveniently, regardless of location.
Believ’s investment is a brilliant vote of confidence in the transition to electric and another fantastic example of Government and industry working together to roll out tens of thousands of chargepoints across the country.
The government has pledged £200 million to help expand the public charging network. This comes on top of the £318 million Local Electric Vehicle Infrastructure (LEVI) Fund, which provides financial support for local councils to install chargers.
The combined public and private investment signals growing confidence in Britain’s electric vehicle transition as the country works to meet its ambitious 2030 charging infrastructure targets.
