UK woodfuel supplier continues Northern Powerhouse backed expansion
VerdEnergy, a Yorkshire based supplier of wood pellets for boilers, has expanded its delivery fleet and built a new depot as part of its ongoing expansion.
This expansion is being supported by £200,000 in funding from NPIF-Mercia Debt Finance, part of the Northern Powerhouse Investment Fund.
With those funds, VerdEnergy has purchased two new specialised delivery trucks and created a new supply depot at Forcett. This adds to the company’s existing network of bases at Tockwith and Howden.
“This expansion will make us even more resilient,” said VerdEnergy managing director Mark Duncan.
“Our growth has vindicated our belief that there was a gap in the market for a good quality wood pellet supplier also offering a one-stop solution for customers including servicing and maintenance.”
Duncan continued: “Woodfuel is the world’s oldest renewable resource and allied to modern processing techniques and boiler technology it is experiencing a new dawn.”
VerdEnergy was founded in 2015, with a stated aim to become the North of England’s ‘pre-eminent supplier of wood pellets for biomass boilers.’ The company claims to have trebled its turnover since then, supplying over 500 customers with 15,000 tonnes of pellets. These pellets go to both domestic and industrial customers.
The Northern Powerhouse Investment Fund project is supported by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.