Introducing ECO Advance

ECO Surv is proud to be working with embedded finance experts, TradeBridge, on their new financial product designed for installers operating in the energy efficiency industry – ECO Advance.

ECO Advance provides qualified installers with a revolving credit facility of up to £5m and is specifically designed for those who work with government-funded schemes. This unique financial offering allows installers to kick off and support live projects while waiting for funding to be returned.

Integrated with the ECO Surv platform, ECO Advance enables TradeBridge to value installers’ work-in-progress at every stage (from assessment and installation through to TrustMark lodgement), offering immediate access to funds. By accurately assessing this value, TradeBridge can provide significantly higher funding earlier in the cycle compared to traditional lenders.

Essentially, ECO Advance provides fast, flexible credit, calculated on the value of your work-in-progress, allowing you to focus on delivering quality at speed.

Financially supporting installers in the energy efficiency industry

At ECO Surv, we’ve been working with installers in the energy efficiency space for over 11 years supporting their end-to-end retrofit projects, so we know all too well how the rollercoaster of government-funded schemes can create obstacles to sustained growth and hinder access to new opportunities.

Upfront investment is crucial for launching projects across schemes like ECO4, GBIS, and SHDF. As a result, installers may only be able to take on specific projects throughout the funding period, which can limit the number of opportunities they can pursue within a given timeframe.

But with ECO Advance, you gain the financial flexibility needed to navigate newly introduced schemes, manage unexpected increases in material costs, and scale into larger projects – helping you to seize every opportunity for growth.

How does it work?

  • The ECO Advance solution is already embedded within our ECO Surv platform.
  • We share your work-in-progress stages, in real-time, and the associated value is recognised in your credit facility.
  • You can then draw from the facility as and when you want, up to your credit limit.
  • When payment is received from the debtor, it will reduce your balance. Any surplus cash will go directly into your business account, same day.

“For over a decade, ECO Surv has been supporting installers through our retrofit software and services in navigating the complexities of PAS projects and schemes. We therefore understand the challenges this can pose for our customers when it comes to securing funding and reinvesting back into their businesses to scale towards delivering 2050 Net Zero targets.

This innovative partnership empowers installers using the ECO Surv platform to unlock the full potential of their energy efficiency projects by securing credit against their pipeline to enable strategic growth, and ultimately, drive sustainable success.”

Nathaniel Butters | CEO & Co-Founder, ECO Surv

 

Start your financial freedom now!

To find out more information please visit the ECO Advance website.

For more details on accessing ECO Advance from within ECO Surv, contact our team today or complete this enquiry form to get started.

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