Solar specialist CHE secures funding boost

A North East renewable energy company is expanding its manufacturing and operational capabilities following fresh investment backing aimed at supporting the region’s green economy.

Newcastle-based CrowdHouse Energy (CHE) has secured funding from NPIF II – NEL Debt Finance, managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II).

CHE specialises in commercial solar solutions, including rooftop photovoltaic systems and its Helios Volt PV Parking Canopy product range.

Bosses say the investment will help accelerate growth by expanding the workforce, strengthening operations and increasing manufacturing capacity at CHE’s Scotswood Road facility. 

They add that funding has already enabled the installation of new equipment, including an Olympus CNC machine and an Elumatec DG79 double mitre saw, helping bring more fabrication in-house, improve efficiency, shorten lead times and support the wider rollout of tailored renewable energy systems.

Richard Blackwell, chief executive of CHE, said: “NEL’s investment has been pivotal for CrowdHouse Energy. 

“Their support has been outstanding, providing clear guidance, structure, and an outside perspective that has helped us make better decisions as we scale.

“Beyond funding, NEL has strengthened our confidence to invest in key areas, improve operations, and continue delivering high-quality projects, putting us in a strong position for sustainable growth.”

Jane Siddle, NEL investment executive, added: “Our investment is a clear endorsement of CHE’s vision and their steadfast dedication to advancing exceptional renewable energy projects. 

“CHE plays an instrumental role in driving the North East towards a sustainable, net-zero future.

“We are genuinely delighted to support CHE as they further develop their manufacturing abilities and continue to introduce cutting-edge solutions in commercial solar technology.”

The £660 million NPIF II fund, operated by British Business Bank, provides loans from £25,000 to £2 million and equity investment up to £5 million to help small and medium-sized businesses.

Sarah Newbould, senior investment manager at British Business Bank, added: “Through the Northern Powerhouse Investment Fund II, we are proud to support businesses like CrowdHouse Energy that are aligned with the Government’s Industrial Strategy, creating highly-skilled jobs, driving regional economic growth and playing a vital role in the UK’s transition to a net-zero economy.”

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