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6th November 2018

NPIF funding helps green energy firm expand

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Northern Powerhouse Investment FundNPIF - Mercia Debt FinanceYork North Yorkshire and East Riding Local Enterprise Partnership

A wood fuel company based at Tockwith has completed a major expansion plan to bring clean green energy to more customers.

VerdEnergy was set up in 2015 with the mission to become the North’s pre-eminent supplier of wood pellets for biomass boilers.

Since then it has trebled its turnover, supplying over 500 customers with 15,000 tonnes of pellets across the North of England.

It is now using £200,000 of funding from NPIF–Mercia Debt Finance, part of the Northern Powerhouse Investment Fund, to buy two more specialised delivery trucks and create a new supply depot at Forcett, near Scotch Corner, adding to the company’s network of bases at Tockwith and Howden in the East Riding.

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Enterprise Ventures Limited is authorised and regulated by the Financial Conduct Authority (FRN: 183363).  EV Business Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN: 443560).

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