North Tyneside trade services business creates jobs with six-figure NEL investment

A North Tyneside trade services business is aiming to capitalise on growing demand for its environmental expertise after securing a six-figure investment from the North East Small Loan Fund Supported by The European Regional Development Fund.

Clementine Services provides repair, installation and maintenance services for homes, businesses and public sector organisations right across the North East.

Over the last year, it has begun to grow its presence in the green installations sector, installing increasing numbers of electric vehicle charging points, solar power panels, battery systems, and air and ground source heat pumps around the region.

And after working with regional fund management firm NEL Fund Managers to obtain the £100k investment, Clementine is now bringing in the additional resources it needs to capitalise on this growing demand.

Up to a dozen new jobs are expected to be created in the coming months as the business grows, with Clementine investing in new equipment and vehicles, upgrading its website and undertaking additional business development work.

The company will continue to focus on the North East for now, but plans to expand outside the region as it scales up its operations and aims to eventually have a 50-strong team of installers in place.

Mark Black, managing director at Clementine Services, commented: “The drive to reduce our collective impact on the environment has seen demand for green installations grow substantially, among both domestic and commercial customers.

“These green technologies allow people and businesses to be part of making a positive change to the way we all live, and we know there’s a lot more we can do in this area.

“We’re aiming to manage the speed of our expansion carefully, so that we provide a positive working environment for our team while also delivering the highest standard of work to our customers, and we’re confident that we can scale the business up to become a national operator in time.

“Having local access to investment capital is very important to growing regional businesses. NEL provided us with the right investment option and their excellent team helped make the process of securing the money smooth and quick.”

Mike Guellard, senior investment executive at NEL Fund Managers, added: “Sustainability is one of the North East Fund’s main investment priorities and we’re continuing to expand our portfolio of low carbon businesses across the region.”

By Matthew Neville – Senior Correspondent, Bdaily

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