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innergy LPG Obtains Bulk Lpg Gas Funding

Leeds based lp gas supplier innergy LPG has secured funding from the government backed Business Enterprise Fund (BEF) to accelerate its growth. In June 2008, innergy’s planned expansion into bulk lpg gas supply was delayed when a funding package was withdrawn by a high street lender at short notice.

“The bulk lpg market represents a huge opportunity for us, particularly following the conclusions of the recent investigation by the Competition Commission,” said Gez Walsh, commercial director at innergy LPG. “A number of mainstream lenders were very keen to provide the finance to support our growth until the economic climate changed.

“Rather than limit or curtail our ambitions, we decided to look at alternative sources of funding. BEF not only offered us financial support, but we also benefit from their input as experienced and accomplished business people.” As part of the support package, BEF business mentor Richard Wharton joins innergy LPG as a non-executive director.

“We had been looking for an external advisor, so Richard’s appointment is a valuable additional benefit. He brings vast experience as a director of a number of varied companies and has worked with other high growth businesses through Business Link and Leeds Metropolitan University Business Incubator.”

Contact innergy LPG on 08458 382388 www.innergylpg.co.uk

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