Unveiling the Local Electric Vehicle Infrastructure

A Comprehensive Guide to LEVI's Funding Methodology and Allocation for Local Authorities

Key Takeaways

  • The Department for Transport (DfT) announced £343 million in capital and £37.8 million in resource funding for the LEVI Fund.
  • Funding will be allocated to Tier 1 local authorities in England based on an allocation model developed by the DfT.
  • The allocation model is guided by two principles: need and progress.
  • The model uses four variables to determine funding allocations: public chargepoints per 100,000 of population, index of multiple deprivation, level of rurality, and vehicles without off-street parking.
  • The Capability Fund’s allocation methodology differs from the LEVI Fund in the use of variables, floors and caps, and weightings.

A Closer Look at the Allocation Model

Guiding Principles

The allocation model for the LEVI Fund has been developed with two guiding principles:

  1. Need: The fund is primarily targeted at addressing the need for electric vehicle (EV) charging infrastructure in areas with lower levels of residential off-street parking.
  2. Progress: The model reflects the progress of local authorities in their charging network development to ensure an equitable distribution of charging infrastructure across the country.

Allocation Variables

Four variables were chosen to align with the guiding principles:

  1. Public chargepoints per 100,000 of population: This variable accounts for existing levels of charging infrastructure across the country.
  2. Index of multiple deprivation: This relative measure accounts for the level of deprivation across England, considering factors such as income, employment level, and education.
  3. Level of rurality: This variable is based on the proportion of residents within the local authority that are in rural or ‘rural related’ hub towns.
  4. Vehicles without off-street parking: This variable provides an estimation of the LEVI Fund’s target population in a local authority, focusing on households without off-street parking.
Explore the bubble  NodeFlair Raises $2 Million in Series A Funding to Revolutionize Career Transparency for the Tech Community

Allocation Methodology

The first three variables are combined equally to generate a characteristic score, which is then scaled by estimates of vehicles without off-street parking. This results in final local authority scores that are used to allocate the available LEVI capital funding. These funding allocations are rounded to the nearest thousand.

Capability Fund Allocation Differences

The Capability Fund’s allocation methodology has three major differences compared to the LEVI Fund:

  1. Variables: The number of chargepoints per 100,000 of population variable is replaced by a measure of the current level of resource dedicated to electric vehicles within the local authority area.
  2. Floors and caps: The Capability Fund implements funding floors for each local authority, ensuring all areas receive sufficient funding to support one dedicated member of staff. Funding caps are also applied to prevent any area from receiving a disproportionate amount of funding.
  3. Weightings: The individual local authority score is calculated using different weightings for the Capability Fund, as outlined in the table below.
Vehicles without access to off-street parkingCurrent EV Officer ResourceIndex of Multiple DeprivationRurality
Weighting75%10%5%

Conclusion

The LEVI Fund’s allocation methodology ensures an equitable distribution of resources to address the needs of electric vehicle owners and the charging infrastructure across England. By understanding the guiding principles, allocation variables, and methodology, local authorities can better plan their EV infrastructure development and secure funding for a greener future.


Looking to promote your brand to a targeted audience of startup founders, investors, and C-level executives? Check out our advertising opportunities and sponsored articles at StartupBubble.news! Reach out to us at [email protected] to discuss how we can help amplify your brand’s visibility and drive results. Don’t miss out on this opportunity to connect with our engaged readership. Contact us today!

Explore the bubble  MathFLAT Raises 7 Billion KRW in Series B Funding to Revolutionize Mathematics Education

Startup Bubble News

Startup Bubble News highlights the latest trends, funding rounds, acquisitions, and emerging technologies in the startup ecosystem. Focusing on innovative ventures, it provides insight into disruptive businesses and growth opportunities, offering essential updates for entrepreneurs and investors alike.

Leave a Reply

Your email address will not be published.

Previous Story

Mastering Crypto Portfolio Rebalancing: A Comprehensive Guide

Next Story

The Private Wealth Revolution: Startup Funding’s New Frontier

Latest from Featured Posts