EVi Charging Points is a Dunfermline-based company which was founded by business partners Neil Beattie and Christopher Campbell in early 2018. The company was created to install electric charging points across the country, to meet the demand anticipated with the ban of petrol and diesel cars by 2032 from the Scottish Government.
The electric vehicle market expected to be in the region of £85 billion and, after being in operation for over a year, the team at EVi Charge Points were keen to raise invaluable working capital that would help support the initial startup phase of the business.
Business Loans Scotland offer loans from £25,000 to £100,000 to businesses under their Scottish Growth Scheme. The Directors were delighted to secure the loan, as part of a wider funding package, to help grow and expand their business. The loan secured will enable EVi Charge Points to recruit additional employees, including apprentices, and provide them with relevant training to support them as they move into working in the electric vehicle industry.
Speaking of the loan secured, Director of EVi Charge Points, Neil Beattie said:
“EVi Charge Points applied for a BLS loan through Business Gateway and we were impressed with the assurance levels to which we were held during the process. Assistance was provided when required and the application was agreed to allow EVi to invest further in our team’s personal development and marketing of Electric Vehicle Charge Points to a wider national audience.”
Fund Manager of Business Loans Scotland, Andrew Dickson, added:
“I am delighted that Business Loans Scotland has been able to support EVi Charge Points with loan finance to grow their business. This loan helps to demonstrate our passion and commitment for supporting Scottish SMEs with the working capital they require to fulfil their growth aspirations. This investment will assist in creating new jobs which in turn will have a positive impact on the economy. I look forward to watching EVi Charge Points prosper and would encourage any Scottish SMEs looking for access to gap funding to speak with myself or any member of the BLS team.”
Visit https://www.bls.scot/ for more information about the support available from Business Loans Scotland.