Investment sets Ecovision up for further growth
Established in 2005, Ecovision installs heat pump, solar panels, biomass and gas boilers in thousands of homes, businesses and community buildings across the UK, from stately homes such as Castle Howard through to single bedroom city apartments. Over 5,000 systems have been installed by Ecovision since 2005. In its next financial year, Ecovision is forecast to generate revenues of over £20 million and in the next three years is expected to install over 30,000 new boilers. An additional focus for the business is Hassle Free Boilers (HFB). Launched in 2013, HFB offers customers a state of the art, energy-efficient, Vaillant gas boiler which saves up to 40 per cent on gas bills but requires no upfront cost.
Chief executive Peter Randall said: “We are delighted to be working with Business Growth Fund who are not only providing Ecovision with growth capital but also access to their networks and expertise. Businesses like Hassle Free Boilers need capital to grow rapidly which then means that customers can access much more cost effective energy by buying heating in a smarter way. We are constantly reminded that gas prices are increasing, Hassle Free Boilers makes a step change in reducing energy bills while gas prices continue to rise.”