North East entrepreneur Chey Garland to create jobs in energy firm with £750k boost
North East businesswoman Chey Garland CBE has secured £750k for her latest energy consultancy venture with the support of business lender ThinCats.
The entrepreneur, known for founding former Teesside call centre Garlands, has secured funding from ThinCats for her Stockton-based business Ergo 3.
Founded in 2016, Ergo 3 provides specialist energy advice to businesses with the aim of saving them money and simplifying the process of sourcing utilities.
The funding will support Ergo 3’s growth plans to hire more staff and invest in its technology infrastructure.
Chey Garland CBE, CEO and founder of Ergo 3 Ltd, commented: “I started this consultancy with the aim of simplifying the whole energy buying process which has become far too complex.
“Too many businesses are making poor decisions when sourcing their energy, so I created a way to help them.
“The funding from ThinCats will help accelerate our growth plans and increase our number of employees to more than 100.”
Ben Kimball, regional business development director for the North East at ThinCats, added: “It’s great to work with experienced entrepreneurs like Chey who can spot opportunities and convert these into clear business plans.
“We believe Ergo 3 fills a genuine gap in the market, so were delighted to provide the funding to support their growth strategy.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Improving safety and standards across construction
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth