Toddington-based Puredrive Energy has received a £4m lending facility from Cynergy Business Finance.

A developer and distributor of solar energy storage solutions, Puredrive said its 'cutting-edge technology' can help consumers to increase their renewable energy consumption by up to 85 per cent.

Manufacturing is products in the UK and distributing internationally, the facility from Cynergy is expected to help support its fast growing order book which includes a number of high-profile international customers coming on board within the year.

Mark Millar, chief executive at Puredrive Energy Ltd, said: "Working with Cynergy Business Finance has been a breath of fresh air. We could speak directly with decision makers and they understood our need to be flexible and to take both our needs and the needs of the customers into account.

"It is clear that we were working together to find an outcome that was uniquely tailored to our needs as a business to meet growing customer demand, and with the years of experience Cynergy brought to the table, it was that approach which enabled us to get the facility across the line."

Maxine Hennessy, corporate sales director at Cynergy Business Finance, added: "It has been a pleasure to work with Mark and Shamir at Puredrive. This is a fantastic example of how our flexible approach and industry expertise provided a £4m facility to this fast-growing client.

"With the renewable energy sector continuing to grow, I am delighted we're partnering with such a dynamic, technology-led and environmentally focused business that is working to build a more sustainable energy sector. I wish the Puredrive team every success for the future."