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18/05/2021

NI Companies Invest £1m To Support Growth In Renewables Sector

Three Northern Ireland companies are collectively investing over £1million in their businesses to support their growth in the renewables sector.

As the demand for Green Energy increases globally, NEO Environmental, Knox Electrical and Skylark Control Ltd have seen increased demand for their services and are capitalising on opportunities.

Kevin Holland, Invest NI's CEO said: "These investments are fantastic examples of local businesses capitalising on the global ambition to reduce carbon footprints through the use of green initiatives. It was a pleasure to meet with the CEOs leading these businesses this morning to hear about their plans to expand their reach in the renewables sector. Interestingly, each of these businesses is headed by someone from Ballymena.

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"Invest NI recognises the increasing significance of the green economy as a key driver of growth and prosperity. In line with DfE's Economic Recovery Action Plan, growing the green economy is one of Invest NI's eight key recovery drivers through which will stimulate Northern Ireland companies to progress towards Net Zero by investment in a green sustainable recovery. High growth businesses like NEO Environmental, Knox Electrical and Skylark Control will play a pivotal role in this and in rebuilding our economy."

The investments by the three companies will also see the creation of 14 new jobs. Invest NI has provided expert advice and guidance as well as offering over £123,000 of support towards 12 of the jobs, marketing and technical assistance.

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