A North Tyneside renewable energy consultancy has received a five-figure investment from the North East Small Loan Fund.
A Greener Solution provides energy assessment, procurement, monitoring and efficiency services to public sector organisations and private companies, both within and outside the region.
The Wallsend-based company has secured the five-figure investment through regional fund management firm NEL Fund Managers to support its plans to more than double its turnover over the next two years.
Founded in 2015 by directors Keian Sanchez and Andrew Wilkinson, the Wallsend-based company works across a range of industries, but has a particular specialism in the education sector.
Sanchez said: “Andrew and I had both previously worked in the energy industry and saw opportunities to improve on the standard industry practices, most especially in helping clients enhance their environmental credentials by making better use of renewable energy.
“The business has grown equally quickly both within and outside the North East, and we think there’s a lot more we can now do to build on our achievements so far.
“This additional capital will make a massive difference to the speed at which the business can grow and puts us at least a couple of years ahead of where we’d planned to be at this stage.”
Mike Guellard, investment executive at NEL Fund Managers, added: “Supporting the growth of the North East’s low carbon economy is a key objective for the Small Loan Fund. Backing A Greener Solution’s drive to build on its sound market position is an excellent example of how we’re looking to deliver on it and we expect to see more investments of this type following in the coming months.”
As originally published in Insider Media.