Low-carbon insulation and heating provider eyeing rapid expansion

A fast-growing Lancashire business that provides energy-efficient and renewable heating systems, insulation and electric vehicle charging points has signaled plans to give back to the county as it aims to double in size next year with the support of Lancashire County Council.

Euro Energy Group, based in Accrington, has grown from £450,000 in revenue to £1.2m between 2019 and 2021. It now hopes to reach £3m in revenue next year as part of its strategy to reach £19m in three years.

This will include increasing its workforce from approximately 25 employees to 50 over the next few years.

The venture, run by brothers Immy Valentino and Zak Khan, has received support from Two Zero, Lancashire County Council’s scaling helpdesk.

He took part in the Scaleup Resurgence scheme in 2020, which was designed to help fast-growing businesses in Lancashire recover quickly from Covid-19. The company is now participating in a new Two Zero program, the Scaleup Leaders Network, to help it achieve its goals.

Zak Khan, Managing Director of Euro Energy Group, said: “We grew quite quickly, but we didn’t have the structures and processes in place for continued growth. Working with Two Zero helped us do that, we now have a growth trajectory to take us to the next level.

“The support has been invaluable and we look forward to further support through the Scaleup Leaders Network.”

The company’s leadership team worked closely with John Woodruffe, principal of business growth consultancy Cube Thinking, which implemented the Scaleup Resurgence program.

Zak said: “John is an expert in quality control and this has helped ensure that we maintain our high level of service while setting the business up for continued growth. We worked with John one-on-one and also as a group with the management team.

The company has signaled its intention to use its growth to give back to the local Lancashire community.

“We don’t just want to grow for ourselves,” Zak added. “We want to give back and as our profits grow, we want to give more to good causes. We are starting a charity and also want to grow to give back to our staff. »

Two Zero is a business support service for scaling entrepreneurs in Lancashire. Led by Lancashire County Council, its mission is to help Lancashire’s scaling leaders learn, grow their business by 20% and create jobs.

Two Zero’s Scaleup Leaders Network builds on the success of the Scaleup Resurgence program and is currently open for applications.

It aims to develop the leadership mindset and scaling strategies of program participants through one-to-one coaching, group masterclasses on key topics, and providing facilitated peer learning for help them build lasting networks of like-minded business leaders.

The program will help participants develop sound strategies for accessing finance and environmental, social and governance (ESG). They will also learn how to develop and refine their overall scaling business strategy and receive support to improve business performance throughout the program.

Euro Energy Group also works with Boost; Lancashire Business Growth Centre. The company is supported under the Boost Bespoke program to further develop its three-year strategy and ensure that it achieves its ambitions.

County Councilor Shaun Turner, Cabinet Member for Environment and Climate Change, Lancashire County Council, said: ‘The funding Lancashire County Council is providing to support businesses in Lancashire is designed to benefit all.

“It’s great to see that the growth of Euro Energy Group’s business will help deliver a more sustainable, low-carbon future for Lancashire, but also that the company intends to give back to its local community. as it grows. I look forward to continuing to follow Zak and Immy’s great success story.

To learn more about the Scaleup Leaders Network, visit the Two Zero site.

About Jerry Richter

Check Also

Scottish singer-songwriter Rab Noakes dies aged 75

Scottish singer-songwriter Rab Noakes has died aged 75. Noakes died Friday in hospital after a …