BEF Dig in
BEF help social enterprise
Ace Bace
Bob Adams had been a consultant for a number of years within the energy sector. He had been developing a new product for the logistics market that measures the optimum energy usage for warehouses. This system then modifies the energy levels within the warehouse allowing them to gain savings on their energy bills in excess of 15%.
This is particularly important for logistics companies as one of their largest overheads is energy.
Bob had spent a number of years perfecting the product and had used up much of his own resource to get it to market. But Bob, now in his sixties, needed some further investment to get the units installed into the customer’s warehouses. Although the banks were prepared to go so far via a small overdraft, Bob needed additional working capital to achieve that.
Bob turned to the enterprise fund who saw the potential in this product and decided that they would support it with a £30k loan.
Bob was delighted and is now in the middle of rolling out these devices across the country for such people as DHL, Sainsbury’s and other well known logistics companies.
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