Partner Article

Eaga awaits government review results

GREEN support services giant Eaga today predicted increased activity over the next six months, despite one of its key projects remaining in limbo until the results of the public spending review emerge next week.

The Newcastle-based plc said activity levels are expected to increase during the second half of the financial year as its delivery of the Digital Switchover Help Scheme is weighted towards switchovers during early 2011.

It said it also expects to get improved clarity on future funding for the Warm Front programme following the UK Government’s Comprehensive Spending Review announcement on Wednesday.

Overall performance of the Group in the half-year to October has been in line with the guidance and the group retains a robust financial position, the firm said in a statement this morning.

The company also continues to pursue a range of prospects in the domestic renewables market and believes that there are a number of significant opportunities in this area for the group.

“The Group continues to pursue opportunities to install solar PV systems on the roofs of homes managed by social landlords across the UK and we continue to make good progress on all aspects of this project,” the company said.

Meanwhile the company has also announced that CFO Ian McLeod has been replaced by Giles Sharp.

This was posted in Bdaily's Members' News section by Ruth Mitchell .