Chancellor Reeves unveils £65m investment in Connected Kerb

National Wealth Fund backs expansion of electric vehicle charging

Chancellor of the Exchequer Rachel Reeves takes to social media to get her message across

Chancellor of the Exchequer Rachel Reeves takes to social media to get her message across

Chancellor Rachel Reeves announced a £65m investment in electric vehicle charging provider Connected Kerb in a major speech on economic growth.

The National Wealth Fund (NWF) will provide £55m of financing, alongside a further £10m ordinary equity investment from Aviva Investors, to support the UK-based chargepoint operator’s plans to grow its charging network towards public 40,000 sockets, up from a current network 9,000.

The NWF is a Treasury-owned but operationally...