Clearpath Finance, a lending solutions platform has launched a new private investment fund to provide at least £30m to green energy projects and assist local businesses in Northern Ireland.
The Green Energy Fund will be available for new and existing wind farms and anaerobic digester businesses and projects across Northern Ireland.
To date Clearpath Finance has drawn down over £8m of new capital for green energy projects since the company was established in 2016. More growth is expected as Northern Ireland seeks to meet an increasing amount of its energy needs from renewable sources. The green sector generated more than £43bn for the UK in 2015, figures recently released from the Office for National Statistics showed.
Conor Devine MRICS of Clearpath Finance said; “We are committed to helping green energy projects in Northern Ireland. Continued growth and investment into this sector is vital as we move to harvest renewable energy sources.At Clearpath Finance we have the capacity to support the green energy sector in Northern Ireland and we will ensure that business lending for the sector is through a simplified, uncluttered and expedient path as well as at a competitive rate.”
Clearpath Finance provides an alternative source of lending as a commercial finance broker working with a number of major lenders across the UK. The company has established excellent relationships working with a select number of peer-to-peer lenders, equity and mezzanine funders and private lending consortiums to go some way to solve the current liquity crisis in the local economy.
James Gibbons, Clearpath Finance added; “Obtaining and delivering finance in this current market can be extremely difficult. At Clearpath, we have identified the support and solutions needed for businesses who are seeking to finance or refinance their business or project at more competitive finance rates than those currently on offer. We will continue to provide new finance streams to businesses across Northern Ireland.”
Clearpath Finance are currently attending this year’s Balmoral Show between the 10th to 13th May 2017 where they are available to discuss renewable energy projects and advise on how best to avail of funding. More information can be founds at www.clearpathfinance.com.