Norfolk-based business Beattie Passive has secured a £3m investment from independent asset manager BOOST&Co, which will provide the growth capital to support its extensive pipeline of new opportunities. The funding will also help to create more jobs within the company as the firm begins new projects.
One such project is Beattie Passive’s contribution to the Mayor of London’s “Retrofit Revolution”. This £10bn programme is part of the Mayor’s drive to net zero by 2030 and will create low-carbon homes and around 150,000 jobs over the next decade.
Founded in 2009 by Ron and Rosemary Beattie, Beattie Passive remains a family-owned provider of patented Passivhaus homes across the UK. Passivhaus is an advanced, low energy construction standard for buildings, which is globally recognised as the “Golden Standard”. It works by using high performance insulation, so that the majority of heating required for a building comes from passive sources such as sunlight and body heat.
Beattie Passive offers the only certified Passivhaus complete build system in the UK and works with housing associations, local councils and self-builders to deliver energy efficient and net zero homes.
BOOST&Co has chosen to work with Beattie Passive due to its impressive and highly experienced management team. The business is well established, with an excellent reputation in the industry, driving technology and innovation in a growing sector. In addition, Beattie Passive supports efficiency and sustainability, with proven approaches to deliver net-zero-ready buildings, contributing to decarbonisation and maintaining excellent occupant comfort and wellbeing.
BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs. The independent asset manager offers loans ranging from £1m to £10m, covering a wide range of sectors, with a strong track record in technology, media and telecommunications (TMT). It has funded more than £500m across more than 130 deals to date and provided close to £200m under the government’s CBILS initiative to support SMEs during Covid-19.
Ron Beattie, Managing Director at Beattie Passive says: “The funding from BOOST&Co will enable us to fulfill our growth ambitions and expand our team to meet increasing demands for our services. We’ve seen a huge increase in the number of opportunities, driven by the growing awareness of the need for sustainable, energy efficient homes and we are looking forward to working with the BOOST&Co team as we enter a phase of exponential growth.”
Kim Martin, head of the South and the Midlands at BOOST&Co says: “We are absolutely delighted to become the chosen funding partner of the Beattie Passive team and support them with their exciting growth plans. The funding enables the business to capitalise on its fantastic pipeline of opportunities using their award-winning, patented design and build system along with expert knowledge, to offer the only true, certified Passivhaus complete build system in the UK.”
BOOST&Co was advised by the Old Mill Corporate Finance Team who say, “it was a pleasure to work with BOOST&Co on a transaction in one of our key sector specialisms. The BOOST&Co team are experts in supporting ambitious businesses and accelerating their growth. Beattie Passive has a very bright future.”
Beattie Passive was advised by Fuse Capital.
For more information about BOOST&Co, visit boostandco.com
For more information about Beattie Passive, visit beattiepassive.com