Green Deal Solutions aims to double turnover to £3m
Published: 13 July, 2012
DENTON: Green Deal Solutions, set up to capitalise on the government's Green Deal scheme to make homes more energy-efficient is planning to double turnover in the next year.
Green Deal Solutions was founded in June last year by Dean Murray and John Leah with an initial investment of £250,000, which included funding from the Enterprise Finance Guarantee Scheme. Mr Murray is anticipating an upturn in demand when the Green Deal scheme goes live in October. It will enable suppliers to offer customers energy-efficient improvements to their homes and businesses at no upfront cost. The supplier then recoups payment in instalments through a charge which is added to the customer's energy bills. Under the scheme, the charge must not exceed the efficiency savings generated by the work done, so customers' bills do not rise.
GDS turned over £1.5m and created 48 jobs in its first year through the Green Deal's predecessor Cert – the Carbon Emissions Reduction Target. Cert is funded by UK energy companies, which have been obliged by the government to fund home improvements to make properties more energy-efficient. The scheme will be replaced by the Green Deal later this year. GDS is planning to open an office in Berkshire to capitalise on opportunities in the south.
He urged other entrepreneurs to cash in on the Green Deal too. “It will be a great opportunity for people to create their own businesses,” he said. “I'm not scared of competition. There will be more than enough work out there, and I am happy to advise anyone who wants to get involved in the scheme.
“The people that are going to make this a success are small and medium-sized enterprises.”