A SOFTWARE firm, which helps large businesses to cut the amount of energy they use, has won £250,000 of funding.
REM Probe was awarded the money from Partnership Investment Finance (PIF), taking the commercial fund's investment in the Shipley firm to £500,000.
REM, which stands for remote environmental management, developed REM Enterprise, software which all
ows businesses to monitor their energy consumption. The firm was set up three years ago by managing director Kelvin Ager.
He said: "As concerns over the rising energy costs continue to dominate the news, and with more companies adopting money-saving and environmentally friendly policies, interest in REM Enterprise has risen significantly.
"REM Enterprise analyses real-time data from tens of thousands of sensors to create a knowledge stream which shows the changes in an organisation's buildings, whether they are offices, branches, stores or factories."
REM Probe, which has a total of 15 staff, hopes to take advantage of businesses's growing concern about their environmental impact.
Mr Ager added: "Remote environmental management is being adopted by many companies as new building regulations dictate that new buildings have to be as environmentally efficient as possible."
PIF is a £37m public-private investment fund aimed at supporting growing businesses in Yorkshire by providing equity investments and loans.
Investment manager David Livesley said: "The management have proven they have a cutting-edge business solution which companies are keen to use as they seek to reduce their carbon footprint."
PIF is part funded by the European Regional Development Fund and European Social Fund programmes.
Its partners include the European Union, regional development agency Yorkshire Forward, Barclays Bank and
YFM Group, which is the fund's contracted independent fund manager.
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