Vibrant Energy Matters (Blackwood)

Origins

The motivation for starting the business was mainly due to the founders’ passion to help tackle fuel poverty (a big problem in many parts of Wales) and climate change, but also to create jobs in their hometown of Blackwood, South Wales. They recognised that the energy efficiency sector would soon thrive so they set about creating a business that would not only prosper, but also assist in the fight against these huge global challenges. However, following the recession of 2008, there were several challenges including difficulty in obtaining bank finance, reduction in house sales (where the company got the majority of market from) and the removal of key legislation after the 2010 general election threw the industry into disarray. As a result of this, the senior team had to quickly realign the business to ensure it continued to prosper and lead the way in this changing sector.

Success Factor

New legislation that places a higher priority on reducing energy efficiency has helped to drive forward the growth of the business. Alongside a dynamic, proactive and forward thinking management team that is able to flex to industry change, this success has enabled VEM to strengthen all areas of the business to ensure that clients receive unrivalled service levels. As a result, the company has been able to move forward and win more contracts with many of the industry leading companies.

The Future

VEM has a strong three-year business plan that will build on its current success and will continue to invest in staff and technology to ensure it maintains the cutting edge stance that has served the company well in this dynamic market. It will continue to work with industry groups and government think tanks to help shape this sector over the next five years.