The sustainable business growth of Narec Distributed Energy has been secured through a Regional Growth Fund (RGF) grant.
Arch, The Northumberland Development Company, in conjunction with Northumberland County Council was awarded £11.75m from the Government’s Regional Growth Fund (RGF) to deliver the programme that provides financial support to businesses across Northumberland to encourage the creation of new sustainable jobs and the safeguarding of existing jobs.
Narec DE carry out a wide range of work within the renewable and low carbon sector, particularly within the built environment. Through our work we help our customers reduce carbon, alleviate fuel poverty, improve energy security, stimulate economic growth and educate energy users. We achieve this by providing a range of strategic, technical, testing and training consultancy services to clients both in the public and private sectors.
The RGF grant of £39,078 has been used to help create a new job and safeguarded another. The new SME Engagement Coordinator role aims to substantially increase training activity, while the safeguarding of a Project Engineer role will allow the continued development of Narec DE’s testing services.
Adam Stewart, Senior Project Manager at Narec DE said:
“The RGF grant has already started to have an impact, training revenue next month is forecasted to be more than it was for the whole of last year. Testing has also taken off, with a major commercial test ongoing. We are also waiting to hear back on a number of proposals, including a Horizon 2020 bid.”.