The Northern Powerhouse Investment Fund (NPIF) has backed energy services business Aberla, its maiden investment into the Cheshire and Warrington area.

Maven Capital Partners has announced a £500,000 investment on behalf of the NPIF into the Warrington-based company. Maven was appointed earlier this year to manage the £57.5m NPIF – Maven Equity Finance which is focussed on providing flexible equity funding to high-potential small- and medium-sized enterprises primarily based in the North West.Aberla is backed by Praetura, which successfully brought AIM-listed Inspired Energy to market. Aberla provides projects and services that enable businesses to improve energy efficiencies and make significant cost savings on its energy consumption.The NPIF investment will allow Aberla to expand the team and exploit opportunities in the growing market for commercial solar photovoltaic systems, battery storage and air source heat pumps which benefit from the UK government’s Renewable Heat Incentive scheme. 

Paul McCarren, managing director at Aberla, said: “With the UK energy market certainly showing no signs of slowing down, our business plan demonstrates the immense potential for strategic growth and significant opportunities ahead.

“We are looking to grow turnover by targeting new sectors, diversifying into new technologies and increasing knowledge collaboration with our partners. In addition to our recently launched rebrand we are also currently recruiting a number of key roles within the organisation, and with our new investors onboard, we now have the basis to make a real splash in the energy industry.”

Jeremy Thompson, investment manager at Maven, said: “We are delighted to support Aberla as it looks to exploit a number of exciting renewable energy opportunities. This is going to be a very interesting market in the next few years as the UK undergoes changes in the way electricity is produced, used and stored.

“We are extremely pleased to be backing an experienced management team who are capable of taking advantage of the coming changes in this market and driving the business forward.”