ITPEnergised secures six-figure funding deal from Barclays
Edinburgh-headquartered technical advisory firm ITPEnergised has secured a six-figure funding deal from Barclays to support its growth aspirations.
The firm enjoyed strong revenue growth in the financial year 2019-2020. It has continued to expand its operations and headcount in the current financial year, despite COVID-19 lockdowns and related restrictions.
The firm attributes growth to its resilient diversification strategy and its positioning as a trusted advisor to low carbon energy developers, investors, corporate and industrial clients transitioning to net zero.
In addition to the funding, the company has also transferred its main banking facilities to Barclays to support the next stage of its development and plans for expansion.
With strong environmental credentials, Barclays offers a range of financing and deposit solutions to support businesses’ green agendas.
Jamie Grant, head of corporate banking for Barclays in Scotland, said: “With Glasgow hosting COP26 in November, the transition to a net zero economy has never been more relevant or front of mind. As an energy and environmental consultancy, ITPEnergised is at the heart of this, providing advice to help businesses with this transition, building towards a more sustainable future.
“Barclays’ expertise in the sector alongside our Green Product Framework aligned well with the organisation and its client base. In addition to the six-figure funding package we have put in place, ITPEnergised has access to a wide suite of trade and working capital products which will be helpful as they continue to expand.”
Jonny Clark, managing director of ITPEnergised, added: “We are delighted to report on another year of strong growth, despite the global coronavirus pandemic challenges. We’re pleased that Barclays shares our vision, having announced their aspiration to be a net zero bank by 2050, and is keen to help us achieve our growth ambitions to support other organisations on that transition.
“We will be continuing to focus on developing strong relationships with our clients and co-professionals in our target sectors, and investing in our Talent Development programme to acquire, develop and retain the best expertise in the business, so we can fully support our clients in achieving their net zero aspirations.”