CrowdedHouse Energy, a Newcastle-based renewable energy specialist, has secured a six-figure investment that it says will position the company for significant growth. The firm provides commercial solar technology, including rooftop photovoltaics and a parking canopy system, handling everything from design and consultancy to installation and ongoing maintenance.
Investment Details
The investment comes from NPIF II – NEL Debt Finance, managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II). This funding has enabled CrowdedHouse to acquire new equipment for its Scotswood Road factory, creating new production capabilities. By bringing fabrication in-house, the business has reduced its reliance on suppliers, improved efficiency, and shortened lead times for clients.
CEO Comments
Richard Blackwell, CEO of CrowdedHouse Energy, commented: "NEL's investment has been pivotal for CrowdHouse Energy. Their support has been outstanding, providing clear guidance, structure, and an outside perspective that has helped us make better decisions as we scale." He added: "Beyond funding, NEL has strengthened our confidence to invest in key areas, improve operations, and continue delivering high-quality projects, putting us in a strong position for sustainable growth."
Investor Perspective
Jane Siddle, NEL investment executive, stated: "Our investment is a clear endorsement of CHE's vision and their steadfast dedication to advancing exceptional renewable energy projects. CHE plays an instrumental role in driving the North East towards a sustainable, net zero future. We are genuinely delighted to support CHE as they further develop their manufacturing abilities and continue to introduce cutting-edge solutions in commercial solar technology."
Northern Powerhouse Investment Fund II
The £660 million Northern Powerhouse Investment Fund II covers the entire North of England. It provides loans of between £25,000 and £2 million, as well as equity investments up to £5 million for small and medium-sized businesses to start up, scale up, or stay ahead.
Sarah Newbould, senior investment manager at the British Business Bank, said: "Through the Northern Powerhouse Investment Fund II, we are proud to support businesses like CrowdHouse Energy that are aligned with the Government's Industrial Strategy, creating highly-skilled jobs, driving regional economic growth, and playing a vital role in the UK's transition to a net zero economy."
