CrowdedHouse Energy secures six-figure investment to capitalise on renewables demand

The Newcastle firm has been backed by NPIF II – NEL Debt Finance, managed by NEL Fund Managers

Renewables specialist CrowdedHouse Energy has secured six-figure investment it says will put it on a footing for growth. The Newcastle firm provides commercial solar technology including rooftop photovoltaics and a parking canopy system.

It handles design, consultancy, installation and ongoing maintenance for customers. Investment comes from NPIF II – NEL Debt Finance, managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II).

It has allowed CrowdedHouse to bring in new equipment for its Scotswood Road, Newcastle, factory, creating new production capabilities. By bringing fabrication in-house, the business says it has reduced reliance on suppliers, improved efficiency and shortened lead times for clients.

Richard Blackwell, CEO of CrowdedHouse Energy, said: “NEL’s investment has been pivotal for CrowdHouse Energy. Their support has been outstanding, providing clear guidance, structure, and an outside perspective that has helped us make better decisions as we scale.

“Beyond funding, NEL has strengthened our confidence to invest in key areas, improve operations, and continue delivering high-quality projects, putting us in a strong position for sustainable growth.”

Jane Siddle, NEL investment executive, added: “Our investment is a clear endorsement of CHE’s vision and their steadfast dedication to advancing exceptional renewable energy projects. CHE plays an instrumental role in driving the North East towards a sustainable, net zero future.

“We are genuinely delighted to support CHE as they further develop their manufacturing abilities and continue to introduce cutting-edge solutions in commercial solar technology.”

The £660m Northern Powerhouse Investment Fund II covers the entire North of England and provides loans of between £25,000 to £2m and equity investment up to £5m for small and medium-sized businesses to start up, scale up or stay ahead.

Sarah Newbould, senior investment manager at the British Business Bank said: “Through the Northern Powerhouse Investment Fund II, we are proud to support businesses like CrowdHouse Energy that are aligned with the Government’s Industrial Strategy, creating highly-skilled jobs, driving regional economic growth and playing a vital role in the UK’s transition to a net zero economy.”

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