Hampshire based company Zennergy International Ltd., has received £125,000 from the Enterprise M3 Short Term Trade Finance Loan Scheme. The funding will be used as working capital against a specific contract based in the Middle East.
Zennergy was established in 2010 by Phil Holland, who decided to start his own company after gaining 40+ years’ experience in the industry and international recognition as a supplier of Infrastructure Solutions to the Gas Power Market.
The mission at Zennergy is clear: “To deliver first class, gas industry solutions and services to customers worldwide.” Working alongside their associates, Zennergy offer worldwide solutions. Delivering complete turnkey gas infrastructure solutions through innovative engineering design, consultancy, project management, installation and ongoing operation and maintenance, handling million-pound projects and turning them round within 16-20 weeks.
One of the company’s strengths is the speed at which they are able to respond to their client’s specific requirements by using their capability, knowledge and agility.
Phil Holland, Managing Director of Zennergy Ltd commented: “Energy need is becoming much more decentralised with smaller power systems needed for meeting peak period requirements, and this fits well with our expertise. Working with our associated companies, we can provide quality, fully certified and tested products on all projects undertaken as well as ISO 9001 and Gas Safety Certification. Our thanks to Derek for giving us sound financial advice about how best to fund an overseas contract which we have recently been awarded.”
Derek Ellis, Fund Manager at The FSE Group, which manages the Enterprise M3 Short Term Trade Finance Loan Scheme on behalf of Enterprise M3 Local Enterprise Partnership (LEP), comments: “It was a pleasure to be introduced to Phil and to be able to support his new contract. The company has a successful track record of working on projects for gas utilities, gas to power projects and industrial applications. I wish Phil and his highly skilled workforce all the best for the forthcoming contract.”
Kathy Slack, Director, Enterprise M3 LEP, comments: “Gaining inroads in overseas trade is critically important at this current time and we know that exporting goods and services can lead to productivity improvements that are so vital for our economy. I’m pleased to see our Short Term Trade Finance Loan Scheme helping Zennergy to fund their overseas contract. In difficult economic times it is encouraging to see companies in our area continuing to expand their work.”
The Enterprise M3 Short Term Trade Finance Loan Scheme is part of the Enterprise M3 Funding Escalator, £10million initiative funded by Enterprise M3 LEP. The escalator, which also includes an expansion loan scheme and an equity growth fund, provides eligible companies with loans and equity funding between £50,000 and £300,000 for activities that will deliver high-growth and employment opportunities across the EM3 area.
For more information about the Enterprise M3 Short Term Trade Finance Loan Scheme visit: https://www.thefsegroup.com/fund/enterprise-m3-trade-finance-loan-scheme/ or contact Derek Ellis at email@example.com tel: 01276 607302 / 07542 609755
For more information about Zennergy Ltd, visit: http://www.zennergy-int.co.uk/