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.”
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