Greater Manchester company receives large investment

Greater Manchester energy company receives large investment for expansion

Love Energy SavingsLove Energy Savings, an energy switching company in Bolton, has recently received a large investment capital from NVM Private Equity to expand business in the Greater Manchester area.

The sum of £4.5 million will be invested into Love Energy Savings which has grown substantially since starting out in 2008.

Managing Director of Love Energy Savings, Phil Foster, said that the investment will kick-start the company’s expansion plans and create more jobs in the region.

He said: “I think it’s testament to the impressive growth we’ve experienced over the past few years and the strong potential for further expansion that a company of NVM’s stature wants to invest in us.”

“As we expand we’ll need to bring new talent into our team. Currently we employ 55 people which will treble in the next 12 months. We’re proud of our roots and we have a strong presence in our local community, so it’s always nice to be able to create new jobs and opportunities in the area.”

“With the Government’s ‘Northern Powerhouse’ plans taking shape, these are exciting times for businesses and the wider economy in the North. The future is looking bright for SMEs in this part of the country.”

The investment will enable Love Energy Savings to carry out its plans for growth over the next five years, taking steps to continue its recent success.

Today, Love Energy Savings boasts a client portfolio of almost 16,000 and the announcement of further investment in the area demonstrates the huge potential for businesses operating in Greater Manchester.

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