Leeds-based solar energy firm bolsters team thanks to £50,000 loan
Solec Energy Solutions, ran by husband and wife team Robert and Gaye Wilmot, was established in Leeds in 2011, and specialises in the design, supply and installation of renewable energy systems for homes and businesses.
The loan, which has been used as working capital and staff investment, came from Business Enterprise Fund (BEF) and NPIF – BEF & FFE Microfinance, which is managed by BEF and FFE Microfinance, and part of the Northern Powerhouse Investment Fund.
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Hide AdMs Wilmot, who is now sales and marketing director at Solec Energy Solutions, said: “When we first launched there was a steady uptake in renewable energy systems – Robert was amongst the first solar installers in Leeds with electrician credentials.
“Thanks to the BEF NPIF loan our new offices, with a small warehouse space, have allowed us to start buying stock upfront, allowing us to be ready to install for customer’s orders rather than leaving them with a long waiting period.”
As well as enabling Solec Energy Solutions to invest in stock, the loan has also helped the company create and safeguard jobs.
Mr Wilmot, said: “I trained as an apprentice electrician at the start of my career, so it’s always been important for me to create the same opportunities for people who want to join our industry. Thanks to the loan from BEF we’ve been able to take on a new apprentice to bolster the team.”