Questions raised over UK's state-backed fund for electric car charging

Labour criticises tender as firm running 400m investment fund awards millions to company it part-owns

The private equity firm appointed by the government to manage as much as 400m in investment in electric car charging points has awarded millions of pounds to a company in which it holds a controlling financial interest.

Zouk Capital is the largest shareholder in charge point builder Instavolt, having made an 18m investment in the company. Now Zouk has chosen Instavolt as the charge point fund's first beneficiary, a decision criticised by the Labour party.