Heat pump installer secures £75,000 investment
Liverpool city region heat pump and boiler installer Zenith Eco Solutions secures £75,000 cash injection from Northern Powerhouse Investment Fund to create new jobs. Tony McDonough reports
Widnes-based centric plumbing, heat and air-conditioning installation business Zenith Eco Solutions has secured a new £75,000 investment.
Zenith, which offers condensing boiler upgrades and air source heat pumps, has got the cash from the Northern Powerhouse Investment Fund (NPIF) via River Capital in Liverpool and GC Microfinance.
Established in 2018 by owners Liam Owens and Zac Corcoran, Zenith is helping cut carbon emissions through installing more energy-efficient heating systems. In particular the Government is pushing for households to install air source heat pumps.
Zenith can also offer free or subsidised grants to its customers as part of the government-backed ECO scheme.
This is designed to tackle fuel poverty and to help reduce carbon emissions, supporting low-income, fuel-poor, and vulnerable households to heat their homes.
The firm will use the extra money to assist in expanding its skillset, creating up to six new jobs. It will also help to obtain accreditations that will allow the company to provide additional services.
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River Capital debt portfolio manager Steve Hitchen, said: “We’re pleased to support Liam, Zac, and the Zenith Eco Solutions team with NPIF funding as they look to obtain further accreditations that will allow them to extend their service offerings.
“As a business, they have proved successful, assisting vulnerable households, and fighting carbon emissions, complementing River Capital’s commitment to ESG, and we look forward to witnessing their future successes.”
NPIF is supported financially by the European Union using funding from the European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme and the European Investment Bank.