Seven-figure boost for firm's next growth phase

BUSINESS energy consultants Troo have secured a seven-figure investment from the Northern Powerhouse Investment Fund to support the next phase of their growth.

- GRAEME WHITFIELD Journal editor [e-mail]

The Sunderland firm wants to transform how energy market data is captured and analysed, delivering faster insights and smarter decisionmaking to benefit its expanding customer base.

The investment from the Northern Powerhouse Investment Fund II (NPIF II), through NEL Fund Managers, will support recruitment and training, ensuring the company has the right capabilities in place to execute its growth strategy.

The company - which featured in the Ward Hadaway Fastest 50 list of the North East's quickest growing companies last week - aims to use a mixture of Al innovation and human talent to create a more scalable and efficient platform to serve UK businesses navigating the energy market.