Barclays Corporate has announced it has acted as sole arranger for a new £30 million credit facility for green energy specialist ENER-G to support their overseas growth strategy.

The deal, which includes a £15 million term loan and a £15 million revolving credit facility, was arranged by David Culshaw, Relationship Director and Glenn Clarke, debt finance at Barclays Corporate.

Based in Salford, the ENER-G group of companies was created in 1997 and has since become a UK leader in clean power generation from renewable and sustainable sources and combined heat and power technology.

The business has grown through acquisitions and organically and is currently turning over £130million, employing more than 750 people globally with a presence in 17 countries.

Peter Southby, Group Finance Director, said, "We are genuinely excited by the prospects for growth overseas in our business and look forward to strengthening our relationship with Barclays as we continue our development in the future.

David Culshaw, Relationship Director for Barclays Corporate in Manchester added: "This is a significant moment for ENER-G; it demonstrates our confidence in the business model and provides a blueprint of how visionary companies can achieve their commercial aims with the right support.

"ENER-G is a genuinely global business who has their sights firmly set on further international expansion. Our substantial knowledge of the energy sectors and our ability to provide our clients with an end-to-end working capital solution ensured we were best placed to support them with their growth ambitions"

About Barclays Corporate

With a clear focus on quality relationships, Barclays Corporate provides integrated banking solutions to businesses with an annual turnover of more than £5 million in the UK and large local companies, financial institutions and multinationals in non-UK markets. We facilitate the success and growth of our clients by providing lending, risk management, cash and liquidity management, trade finance and asset and sales financing. Additionally, our clients benefit from the breadth of the Barclays Group, through access to the investment banking services of Barclays Capital including debt and equity capital markets, the private wealth management expertise of Barclays Wealth, and the card and payment services of Barclaycard. Barclays Corporate employs over 10,000 people globally. For more information please visit .

About Barclays

Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 145,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website .

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