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29 July 2013

Potential for Growth wins award for EcoLogicLiving

“We would encourage all SMEs in the North West to add the sustainability of their business to the top of their agenda."

EcoLogicLiving


Cumbrian-based provider of renewable energy solutions, EcoLogicLiving is going from strength to strength. In the last few months, the business has taken on 10 new members of staff and, more recently, was named CN Group Small Business of The Year for 2012.

As part of the award, EcoLogicLiving, which supplies and installs renewable energy solutions for homes and businesses, was recognised for its managerial and financial performance, potential for growth, long term plans, company strategy and service
development. 

EcoLogicLiving, based at Harraby Green Business Park in Carlisle, secured £500,000 of funding, in Spring last year, together with a further £200,000 more recently, from The North West Fund for Energy & Environmental, managed by CT Investment Partners.

The funding is already having an impact, supporting the company's growth and expansion plans. Having developed a biomass range aimed at commercial businesses, the finance has
allowed EcoLogicLiving to introduce a new product into its portfolio, the E-Classic log boiler. This new product along with the business' other initiatives, including solar PV and heat pumps, are effectively reducing heating bills for companies across the region in a time of increasing energy prices. 

The funding from The North West Fund for Energy & Environmental, has also allowed EcoLogicLiving to recruit additional staff, including a Financial Controller, an Operations Director, sales staff, and marketing and administrative support.

Judy Pearson, director of EcoLogicLiving, said: "Being announced as Small Business of The Year 2012, has had a very positive impact, validating our hard work and providing our clients with confidence that they are dealing with a well-managed business.

"The funding from The North West Fund for Energy & Environmental came at a crucial time for us. We are keen to see the business grow further whilst remaining a smooth-running, trusted, well organised operation.

"We would encourage all SMEs in the North West to add the sustainability of their business to the top of their agenda. The government renewable energy incentives are there to be made the most of and businesses can make serious savings and attractive earnings from the scheme. We don't know how long this type of financial support will be available so it makes sense to seize the opportunity while it is there."

Adam Workman, of CT Investment Partners, which manages The North West Fund for Energy & Environmental, said: "The impact of the funding has been outstanding for EcoLogicLiving. The firm is showing clear signs of increased productivity on the back of a rise in demand for its products and services.

"Winning a CN Group Award is a thoroughly deserved achievement for the business, the whole team are incredibly committed, driven and passionate about the work they do to support business sustainability, not only in Cumbria and the wider North West, but across the country."  

For more information about how you may be able to access finance for your business please visit: http://www.thenorthwestfund.co.uk/funds




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