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