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Electric Vehicle Charging Finance
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Written by James Dutton
James is Head of Asset Finance in our funding division. He specialises in arranging finance for assets across a range of sectors, as well as experience in completing finance agreements for assets coming from abroad. James has more than 30 years of experience in the finance sector, providing him with the necessary expertise to arrange finance for businesses requiring finance facilities across the UK.
Finance your electric vehicle chargers
As the shift to electric vehicles accelerates, businesses of all sizes are investing in EV charging infrastructure, whether to support an electrifying fleet, provide a service to customers, or meet the expectations of an increasingly sustainability-conscious workforce. The upfront cost of supply, installation, and grid connection can be substantial, particularly for multi-unit or high-power deployments.
Our renewable energy finance team can arrange commercial EV charger finance for UK businesses, whether you're a fleet operator, a commercial property owner, a hospitality business, or a retailer. Options include hire purchase, finance lease, and unsecured business loans.
Spreading the cost of your EV infrastructure means a UK business can move quickly, meet compliance requirements, and future-proof the site without a large one-off capital commitment.
We can also arrange finance for other green energy assets including solar panels and battery storage systems.
What is Electric Vehicle Charging Finance?
Demand for electric vehicle charging infrastructure is growing rapidly across the UK. Whether a business is electrifying its own fleet, accommodating employees who drive electric vehicles, or looking to offer charging as a service to customers and visitors, having the right facilities in place is becoming more imperative year on year for UK businesses.
Charging points are available across a broad spectrum, from slower overnight units to rapid chargers. The right solution depends on the nature of the business, the vehicles involved, and the volume of charging required. Costs can vary considerably depending on the specification and scale of the installation.
At UK Business Finance, we can arrange electric vehicle charging finance to cover the purchase of charging infrastructure for businesses of all sizes. Finance options include hire purchase, finance leases, and asset refinance, each structured differently to suit varying preferences around ownership and business needs.
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Benefits of Electric Vehicle Charging Finance
Support fleet electrification: For businesses transitioning away from petrol and diesel vehicles, having adequate charging infrastructure on site is essential. Without it, the practicality of running an electric fleet is much worse. Finance allows charging capacity to be put in place ahead of, or alongside, the vehicle transition, so the two aspects of electrification develop in step with one another.
Avoid a large upfront capital commitment: Installing multiple charging points, particularly rapid chargers, can represent a substantial investment. Committing that sum in one payment may not be viable or desirable, particularly when the infrastructure will deliver value over many years. Finance distributes the cost across an agreed repayment term, so the business benefits from the installation from day one without exhausting its cash position.
Repayment terms built around your business: The structure of a finance agreement can be adjusted to reflect the individual circumstances of the business. This ensures the resulting monthly payment can all be set in a way that works with the business's cash flow, giving it a sustainable and predictable financial commitment for the duration of the agreement.
Refinance existing assets to free up funds: If the business owns commercial assets with residual value, asset refinance provides a means of converting that value into working capital. The asset is transferred to a funder and leased back, with the business receiving a cash sum whilst retaining its use. Once the repayment term is complete, ownership of the asset returns to the business.
Meet growing regulatory expectations: The trajectory of UK policy on electric vehicles points clearly toward increasing requirements for businesses, particularly those operating commercial fleets or managing larger premises. Putting charging infrastructure in place now, supported by a finance arrangement that keeps the cost manageable, positions a business ahead of those requirements rather than having to respond to them at short notice.
How we helped a logistics company electrify its depot
A regional logistics company in the East Midlands approached UK Business Finance to fund the installation of a bank of rapid EV chargers at their primary depot, ahead of transitioning a significant portion of their delivery fleet to electric vehicles.
We arranged £54,000 in funding across a 48-month hire purchase agreement, covering the supply and installation of twelve charging units along with associated infrastructure upgrades. The structure suited the business as it preserved capital for ongoing fleet replacement.
The operations director highlighted that the speed of the arrangement was critical, as the business had grant funding deadlines to meet, and that the rate secured was below what they had been previously quoted.
Apply for electric vehicle charger finance
As a commercial finance broker, UK Business Finance connects businesses with funding solutions built around their individual requirements. With a broad network of lenders at our disposal, we ensure business can receive the right EV charger finance for your organisation.
What we offer:
- A free quote in 60 seconds
- Access to a wide range of lenders, each assessed to find the strongest match for your needs
- We prepare and submit the full application to lenders
- A team with expertise in the finance industry, ready to guide you through every step
To explore your electric vehicle charger finance options, reach out to our finance team today.
Secure your free quote today!
Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us
What finance can be used for electric vehicle charging finance?
Businesses looking to install electric vehicle charging infrastructure can access a range of finance solutions to suit their requirements. Asset finance and finance leases distribute the cost of charging equipment across fixed monthly repayments, while asset refinance allows businesses to release capital from assets they already own. Unsecured loans are also available for businesses whose funding needs fall outside a straightforward asset purchase.
UK Business Finance works with businesses of all sizes to find an EV charging finance solution that fits their circumstances. Whether you are installing a single charge point or equipping a large commercial site, our team can guide you through the process from initial enquiry to funding.
| Asset Finance | Asset Refinance | Finance Lease | Unsecured Loans | |
|---|---|---|---|---|
Typical term length | Medium Term | Medium Term | Medium Term | Short Term |
Flexibility | Medium | Medium | Medium | High |
Deposit required? | Yes | Yes | Yes | No |
Purpose | Purchase assets | Raise capital for multiple ventures | Lease assets | Multiple business needs |
How do we work?
1. Get a Customised Quote
When you reach out to us, we will likely request that you provide the following information. Your latest set of accounts, previous 6 months’ banks statements and director’s personal details.
2. Compare Options
Once the information from step 1 has been confirmed, we will reach out to our extensive panel of funders, who under normal circumstances, respond with an answer in 48 hours. After this, Know Your Customer (KYC) and identification checks will take place for the business and its directors.
3. Finalise the agreement
As soon as you agree to move forward with the terms and conditions, you will receive the relevant documents for you to sign and then return. After the final checks have been completed, the funds will be released. The time taken to release the funding varies depending on the funder, ranging from 24 to 72 hours.
Why does your business need electric vehicle charging finance?
The shift towards electric vehicles is accelerating, and businesses that invest in charging infrastructure now will be better placed to meet the expectations of staff, customers, and fleet operators in the years ahead. The right finance solution means that investment does not have to come at the expense of day-to-day cash flow.
- Support fleet electrification
- Avoid a large upfront capital commitment
- Repayment terms built around your business
- Meet growing regulatory expectations
- Attract staff and customers with charging facilities
- Refinance existing assets to free up funds
- Retain cash reserves for operational needs
- Invest in infrastructure with long-term value
Why Choose UK Business Finance
100% Independent Broker
We're not tied to any lender. With access to 90+ finance providers, we match you with the most suitable funding solution, not the one that pays us the best commission.
Callback Within 30 Minutes
From the moment you contact us, we commit to responding within 30 minutes. When your business needs funding fast, every hour counts.
Nationwide Coverage, Local Expertise
With 8 regional offices and 100+ supporting locations across the UK, you'll work with a finance specialist who understands your local market.
Renewable Energy Finance FAQs
What types of EV charging equipment can I finance?
We can arrange finance for a wide range of commercial EV charging infrastructure, including AC wall-mounted chargers, rapid DC chargers, multi-bay charging posts, and associated cabling and installation works. Whether you're installing a single unit or equipping a whole site, we can explore funding options to suit.
What finance options are available for EV chargers?
Finance lease is often a popular choice for EV charging infrastructure, particularly where ongoing upgrades or replacements are anticipated. Hire purchase is also available if you want to own the asset outright at the end of the term. For smaller installations, an unsecured loan may offer a simpler route. We'll help you identify the right structure for your situation.
How long does it take to secure EV charger finance?
Timescales depend on the lender, the size of the facility, and the information required to support your application. Where grant funding deadlines or installation schedules are involved, we'll make that a priority and work to turn decisions around as quickly as we can. Having your project costings and business financials ready from the start will help speed things up considerably.
How can I improve my chances of securing EV charger finance?
Having a clear breakdown of the total project cost will help lenders assess your application efficiently. Up-to-date business accounts and a straightforward summary of how the chargers will be used (fleet, customer-facing, or both) all support a stronger application. If you have grant funding confirmed or in progress, make sure to flag this early as it can affect how the deal is structured.
Can I finance multiple EV chargers as part of one finance agreement?
Yes, in many cases it's possible to finance multiple units within a single agreement. This can be a more practical and cost-effective approach than arranging separate facilities for each charger, particularly where the supply and installation is being handled as one project. Let us know the full scope of what you're looking to fund, and we'll explore the most suitable options.
Can I finance EV chargers for a property I rent or lease?
This depends on a number of factors, including the terms of your lease and the lender's requirements around asset ownership and security. It's worth raising this with us early so we can factor it into how we approach lenders on your behalf.
