County Durham energy firm powers up with six-figure investment

County Durham energy firm powers up with six-figure investment

A North East renewable energy consultancy is set to scale up after securing further investment from a regional fund.

Electek Solutions Limited (ESL) has teamed up with NEL to secure £100k from the Small Loan Fund, two years after receiving its first investment from the fund.

In 2018, the company secured £50k from the North East Small Loan Fund, supported by the European Regional Development Fund, to renovate a derelict 6,000 sq ft office and factory space in the Hobson Industrial Estate near Burnopfield.

Source: Bdaily

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