UK National Wealth Fund provides GBP 25 million debt financing to Osprey Charging

Mechanism

The National Wealth Fund's GBP 25 million debt tranche is one leg of a GBP 110 million multi-bank fundraise for Osprey Charging, alongside commercial lenders Novuna Business Finance (Mitsubishi HC Capital UK), Societe Generale and Aldermore. Proceeds fund Osprey's continued build-out of super-fast/ultra-rapid EV charging hubs at prime UK locations, supporting national decarbonisation targets ahead of the 2030 ban on new internal-combustion-engine vehicle sales. The UK currently has roughly 82,000 public chargers against an estimated five-year requirement of at least 300,000.

Severity is kept low (1): the NWF is a minority co-lender in a majority-private commercial syndicate rather than the sole or dominant financier, consistent with the register's treatment of other state co-lending into EV-charging build-out (e.g. Bpifrance/Electra, Banque des Territoires/Etotem).

Downstream implications

• Extends the pattern of Western state investment banks co-financing

private EV-charging network build-out alongside commercial lenders, adding to the register's cluster of NWF-backed UK infrastructure financings (see also NWF/Sizewell C).

• Supports continued demand pull for charging hardware, power

electronics and grid-connection capacity in the UK EV-charging sector.

Open questions

• NWF's specific loan terms (tenor, rate) were not disclosed in the

press release.

• Whether further NWF tranches follow as Osprey scales beyond the

current GBP 110m raise.