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Energy Assets secures £10m funding boost

Livingston-based gas meter supplier Energy Assets has secured increased lending facilities from Lombard, taking the total figure available to £70m, from £60m. The firm has also agreed a two-year extension to its existing £35m facility with Bank of Scotland. Sitting alongside a £5m facility with Santander, Energy Assets' total across its three main funding partners now sits at £110m. the group says it has £33.9m of undrawn facilities to fund future growth as it seeks to become the supplier of choice for customers within the UK I&C sector and the largest independent provider of I&C energy metering services in the UK.

 

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