Carlisle eco-energy firm's jobs boost
Last updated at 13:45, Thursday, 26 April 2012
A family-run renewable energy firm is set to create a “significant number” of new jobs after clinching a £500,000 investment.
EcoLogicLiving, of Carlisle, has secured a cash injection from venture capital fund the North West Fund for Energy and Environmental.
The firm, run by Islam and Judy Pearson supplies and installs renewable energy and heating technologies for homes and businesses including solar PV panel and biomass.
The firm recently installed solar panels on the Sands Centre and the Civic Centre in Carlisle.
The cash will be used to grow the company further in the domestic and commercial renewable heating and energy markets.
More staff will be taken on to bolster its 17-strong workforce. Mrs Pearson said: “With this investment, our aim is to target more customers across a range of domestic and commercial sectors throughout the UK.
“The funding will not only provide us with the injection of cashflow crucial to grow our business, but it will help support the development of our executive team. We expect to create a significant number of extra jobs over the next three years to support our growth.
“We will also continue to execute our innovative approach to renewable energy by maximising carbon saving and reducing costs for our clients wherever possible.”
The North West Fund for Energy and Environmental is managed by CT Investment Partners and is part of the £185m North West Fund, which is provided by the European Investment Bank (EIB) and European Regional Development Fund (ERDF).
Adam Workman, partner at CT Investment Partners, has been appointed onto the board of EcoLogicLiving following the investment.
He said: “EcoLogicLiving’s ability to keep up with fluctuating trends in the market makes us confident that they can prosper in this competitive marketplace.
“The investment will fuel growth and open up a range of opportunities that are readily available in the rapidly expanding renewables sector.”
First published at 11:29, Thursday, 26 April 2012
Published by http://www.newsandstar.co.uk
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