Utility Funding Receives £7.5M Investment from Foresight Group

Utility Funding, a Salisbury, UK-based OFGEM accredited Meter Asset Provider of both electricity and gas meters, received a £7.5m investment from Foresight Group.

Foresight will support UFL’s installation programme of smart meters across the UK over the next three years.

Commenting on the investment, Hugh Mullens of UFL said: “Foresight’s funding allows us to expand our activities across the market and augments our existing funding facilities“.

Established in 2009, Utility Funding provides advanced electricity and gas meters on rental to energy suppliers supplying industrial and commercial consumers. The company is supporting energy suppliers in meeting their obligations to undertake smart meter rollout for domestic consumers.



Join the discussion