EV Charging Point Finance

EV charging points for your depot, workplace or customer car park can be funded through EV charging point finance, with the cost of chargers and installation spread into fixed monthly payments.

From £1,000 with no upper limit
Decisions within 24 hours
Trading since 2004

Price your chargers Talk it through

Two EV charging points on marked bays in an open car park on a sunny day

What we can fund for EV charging

A charging project is more than a box on a wall, so we aim to cover the full installer quote in one agreement. To see the wider range of business equipment we fund, browse what can be financed.

Wall mounted chargers

Single and dual socket units for staff bays, reserved spaces and smaller sites.

Rapid and fast chargers

Higher output units for depots, forecourts and sites where vehicles need to turn around quickly.

Groundworks and cabling

Trenching, ducting, cable runs and making good, where these are itemised by your installer.

Electrical upgrades

Distribution boards, load management equipment and supply upgrades needed to power the chargers.

Charging management software

Back office platforms for user access, usage records and payment collection, subject to the quote. Pairs well with fleet tracking.

Vehicle tracking finance

Bays, signs and protection

Bay marking, signage, bollards and canopies, plus car park lighting, that make a charging area ready for use.

LED lighting finance

Fleet vehicles

Electric vans and cars can be funded separately, so vehicles and chargers arrive together.

Vehicle finance

On site generation

Some businesses power chargers from their own roof, which can be funded as its own project.

Commercial solar panels

Businessman in a suit plugging a charging cable into an electric car in a car park

Who installs EV charging points

Demand comes from three directions: your own vehicles, your employees and your customers. Most sites cater for one or two of them first and add more later.

Fleet operators

Depot charging for vans and company cars overnight.

Employers

Workplace bays for staff, often funded through workplace charging finance.

Hotels and pubs

Charging that gives guests a reason to stay.

Retail and leisure

Customer car parks where visitors can top up.

Property owners

Charging for tenants and visitors across a site.

Garages and dealerships

Demonstration and customer charging on forecourts.

Three ways to pay for chargers

The right structure depends on whether you want to own the units and whether you are funding vehicles at the same time. Government support for chargers changes from time to time, so check the current position on the GOV.UK page for electric vehicle chargepoint grants.

Hire purchase

You pay in instalments over the term and own the chargers once the last payment is made, with the units on your balance sheet from the start.

Best for businesses that will use the same chargers for many years.

How hire purchase works

Finance lease

You rent the chargers for a fixed monthly amount. Technology moves quickly, so a lease suits sites that expect to upgrade.

Best for sites that want to move to faster chargers later.

How a finance lease works

Vehicle finance

Fund electric vans and company cars on their own agreement, timed to arrive when your chargers are commissioned.

Best for fleets moving to electric vehicles and chargers together.

Vehicle finance explained

From site survey to your first charge

Charger installs depend on your electricity supply, so the survey comes first and ev charger finance follows once you have a firm quote.

Step 1

Survey your site

Your installer checks the supply, the parking layout and how many bays you want to equip.

Step 2

Share the quote

Send us the itemised quote, so we can see which parts of it a lender can fund.

Step 3

Get a decision

We put the deal to suitable lenders and aim to respond within 24 hours.

Step 4

Sign and switch on

Sign online, we pay the supplier and your chargers are installed and commissioned.

Example: chargers for a van depot

A plumbing and heating contractor runs twelve vans from a small depot and has started replacing them with electric models. Drivers take the vans home for part of the week, so the business wants chargers at the depot and a few at its customer entrance.

Using EV charging point finance, the installation is spread over the agreement and the vans can go on a separate plan through fleet vehicle finance. The monthly payments are known in advance, which makes budgeting simpler.

Rentals can often be offset against profit and capital allowances may apply on some structures. Your accountant can confirm what suits your business, and our tax relief page sets out the basics.

Get a charger quote

Typical depot installation

Four dual socket wall chargers£9,600

Two fast chargers for the customer area£11,000

Cabling, ducting and groundworks£6,800

Distribution board and load management£4,200

Management software and set up£1,400

Total funded£33,000

Illustrative figures only. Real costs depend on your site, your electricity supply and your supplier, and your payment depends on your business and the term you choose.

EV charging points finance questions

Looking for something else? Our full FAQs cover deposits, eligibility and application times.

Useful downloads

EV charging points brochure Benefits of leasing Leasing FAQs

Planning a move to electric vans? Read about vehicle finance for businesses.

Can I finance chargers for customers as well as staff?

Yes. Customer facing chargers are funded in the same way as workplace charging finance for staff bays. If you intend to charge drivers for using them, the software and payment hardware can usually be included on the quote.

Can groundworks and electrical upgrades be included?

Often, where they are itemised on your installer's quote. Lenders look more closely at building and civil work, so a package that includes the chargers themselves tends to be easier to place.

Do I have to own the car park?

Not necessarily, but we will want to know about your right to install. Tenants should check their lease and have the landlord's consent in writing before the installation is booked.

Can a new business finance EV charging points?

Yes, start ups are considered. A deposit, a business plan or a personal guarantee may be requested, and approval is always subject to status.

What should I check before choosing a supplier?

Ask about the electricity supply capacity, the warranty, who maintains the units and the software. The Energy Saving Trust publishes independent energy guidance that is a useful place to start.

What happens at the end of the term?

With hire purchase the chargers are yours after the final payment. With a lease you can usually extend at a reduced rental, return the units or move to newer ones on a fresh agreement.

Ready to plan your charging?

Tell us what your installer has quoted.

We will come back with ev charger finance options for your EV charging points within 24 hours.

Request a quote Call 0191 250 1550