A specialist energy and water efficiency company based in the North East has secured £6m funding from HSBC UK as it delivers significant projects and pursues growth through acquisitions.

Cenergist, which is headquartered in Washington, near Sunderland, works with local authorities, water utilities and energy companies to reduce the carbon impact of buildings by providing water efficiency and renewable heating systems.

The fast-growing business provides design and install services across the UK and in Europe, and the funding from HSBC UK will provide necessary working capital for the business to complete large-scale pieces of work, while giving it the flexibility to target strategic acquisitions.

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The funding will also enable Cenergist to create at least 40 new jobs in the North East, Leeds and London to support across business development, project management, tenant liaison, site management and finance as the company delivers these significant pieces of work.

Iain Richardson, CFO at Cenergist, said: “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 organisations 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.”

Rachael Guest, Relationship Director at HSBC UK, added: “Cenergist is making a real difference to the environmental impact of buildings across the UK and into Europe.

"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 decarbonisation.”


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