CORNISH ENERGY EFFICIENCY COMPANY GROWING FAST AFTER FUNDING BOOST
A Cornish start-up is already on course for fast-track growth after receiving over £100,000 in development loans and grants from two of Cornwall’s leading business funders.
Happy Energy, which was launched in Cornwall in April by energy efficiency and renewable energy specialist Adrian Wright has received £80,000 in ERDF funded loans from South West Investment Group (SWIG) in addition to a grant of over £30,000 from the Cornwall Development Company (CDC) under its Business Investment for Growth, to help kick start the company’s growth potential.
Supplying a range of energy efficiency solutions to businesses and homes across the South West including the supply and installation of Biomass Boilers, LED Lighting, Solar PV, and Insulation – Happy Energy is already employing 5 people from its offices at the Pool Innovation Centre near Redruth with plans to employ 3 more members of staff by the end of September including 2 graduate placements through Unlocking Cornish Potential.
Having already become an accredited Green Deal provider, Happy Energy is working with the UK’s leading energy companies under the Government’s Energy Company Obligation (ECO) to offer householders in Cornwall and across Britain grants to insulate their homes. In addition, Happy Energy is working with commercial clients and specialises in taking a whole building approach to saving energy, offering a wide range of energy saving upgrades, often with no upfront cost to the customer and in some cases installing the upgrades completely free of charge.
“We are absolutely delighted to have secured the funding from both SWIG and CDC which has really enabled us to hit the ground running, start developing and growing the team quickly, ensure the infrastructure is right and take our products and services out into the market. It is still early days but the signs are extremely positive, with a number of initiatives under ECO launched and a lot of interest in the Biomass Boilers and the LED lighting solutions – particularly from schools and sheltered housing providers in the South West. We are grateful to SWIG and CDC because the rapid growth we are seeing and the jobs we have been able to create would not have been possible without their support” said Happy Energy CEO Adrian Wright.
“We anticipate further growth as our projects develop across the South West and further out across the UK and the number of installations continue to rise. We are already working on some really interesting projects at both commercial and domestic level, which, just a few months after launch is really pleasing,” said Adrian.
According to John Peters of South West Investment Group, whilst Happy Energy may be a start up in nature, Adrian’s expertise and knowledge in the industry along with the growth of the team which has seen some highly experienced people in the field of energy efficiency brought in from the start provided a solid foundation for its funding applications.
“Adrian has been at the forefront of the energy efficiency and renewable energy sector for over 20 years and is a leading light within the industry in the UK. His development and growth plans for the business are very exciting and the combination of this and his understanding of the market was central to the funding being secured,” said John.
For more information about Happy Energy and what it does, visit www.happyenergy.co.uk or call 0800 0 246 234.
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