Friday 13th June 2008
Close Ventures invests in Vibrant
Vibrant Energy Surveys, a provider of energy performance certificates (EPCs) for homes in the UK, has received venture capital funding. Close Ventures, which manages seven VCTs with net assets of £240 million, has invested £1.35 million in the company.
Close’s investment was part of a financing round totalling £1.5 million.
As of October this year, all UK properties that are built, bought, sold or rented will need an EPC. Vibrant was established last year to meet this demand, and will use Close’s investment to further develop sales to private homes while extending its operations into the commercial and rental markets.
Around half of the UK’s carbon emissions are created through the energy consumption of buildings. The government’s inclusion of EPCs in its home information pack (HIP) legislation was a response to the European Energy Performance of Buildings Directive.
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