Published: Jun 30, 2021
Focus: NPIF Maven Equity Finance
Today’s funding will support Boiler Plan’s long-term strategy to invest in its new operating platform to streamline efficiencies and infrastructure. This will allow the business to rapidly scale and continue to expand its customer reach. The investment will also support its new technical training centre in Featherstone, Wakefield and allow the platform to maximise its growth potential.
Maven has invested £3.9 million to date in Boiler Plan to fuel a number of growth opportunities and support the business as it achieved key milestones including the creation of over 60 jobs and a significant increase in turnover.
Boiler Plan’s innovative online platform (boilerplanuk.com) supports the entire boiler sales process, handling everything from the choice of appliance, the initial home survey, finance payment options, installation by a qualified engineer, and the ongoing maintenance and aftercare service. Its ‘digital first’ solution offers consumers a quick and convenient way to purchase a new boiler and have it installed by an expert engineer within 48 hours, removing any hassle or complications to the end buyer.
Gas-fuelled boilers remain the dominant source of domestic heating in the UK. Today there are 22 million households in the country that are heated by natural gas boilers compared to 17 million in 2000, and there is the potential for further growth as consumers increasingly opt for smart heating innovations to improve energy efficiency and control.