Cenergist managed to secure £6 million funding

A North East specialist energy and water efficiency company is set to create 40 jobs in UK. Cenergist has secured £6 million funding from HSBC UK as it delivers significant projects and pursues growth through acquisitions.

Cenergist ambitions

The company was launched ten years ago and have their headquarter in in Washington, near Sunderland. They work with local authorities, water utilities and energy companies to reduce the carbon impact of buildings. Moreover, they provide water efficiency and renewable heating systems. The energy company provides design and install services across the UK and in Europe. Currently, they have managed to secure multimillion pound package from HSBC UK to increase working capital for bigger projects. Hence, they are now looking to grow through acquisitions.

Employment opportunities

The projects related to this multimillion pound investment will lead to creation of several jobs opportunities. Moreover, the funding will enable Cenergist to create at least 40 new jobs in the North East, Leeds and London. Hence, these jobs will support business development, project management, tenant liaison, site management and finance. Moreover, HSBC also reiterated on the effects of this funding in terms of new jobs creation. “We’re delighted to provide the business with funding to support its continued growth and create jobs as more and more commercial property owners invest in decarbonization.” Rachael Guest, Relationship Director at HSBC UK expressed her views.

Company’s stance

“Primarily, we support clients to meet their Net Zero and sustainability goals. This includes building owners that are upgrading their heating and hot water systems as well as commercial clients such as hotels and water utilities seeking to reduce water wastage. “As organizations across all sectors have become increasingly driven to reduce carbon impact in recent years, we’ve seen a significant spike in demand for our services and there are no signs that demand is slowing down. This financial support from HSBC UK will ensure we can help as many customers as possible reach their environmental targets, both within the UK and European markets.” Iain Richardson, CFO at Cenergist said in his statement.

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