GDFC on "strong upward trajectory"

The Green Deal Finance Company has announced a large increase in applications since January 2014. This comes as a result of a consistent rise in the number of Green Deal providers.

Fast progress is being made after a slow start with the Pay-As-You-Save energy efficiency model. Plans are available now for the private rented sector and also sixty three providers to sell Green Deal plans. A further forty eight firms are in the stages of acceptance for Green Deal finance.

Green Deal Providers use the GDFC's finance to enable their customers to purchase their energy efficiency products and services, thereby expanding their sales contracts. The GDFC pays the Provider on average within 15 working days of installation. This minimizes the need for working capital.

Mark Bayley, GDFC Chief Executive, said: "The GDFC is now on a consistent and strong upward trajectory and is beginning to gain traction, with more than £35.5 million worth of ongoing Green Deal finance plans. This time last year we had £6.5m worth of applications. We can see strong and consistent growth". Mark Bayley went on to add that: "We have also proven to be one of the constants in the life of a Green Deal Provider through the provision of our trading finance. Our finance is making the GDFC a strong and constant support for SME business growth in the energy-efficiency market".