Warrington Borough Council has agreed to invest £18m into a Scotland-based energy company because of its ‘unique industry business model’.
The council has purchased a 50% shareholding in Together Energy because it offers opportunities to young disadvantaged people and because of its belief in disrupting the energy sector.
A new board of directors will be created for Together Energy, alongside 30 new jobs in Warrington.
Warrington Borough Council leader Cllr Russ Bowden said: ‘This is an investment that we’ve given careful consideration to over many months, but I’m pleased we’ve been able to agree a deal which will bring real benefits to the people of Warrington.
‘It’s a good fit between a council which strives to put its residents at the heart of everything it does, and a company committed to helping our town prosper.
‘Together Energy is a real living wage employer and is a champion of local community issues, offering employment and support to people who are out of work or without formal qualifications.
‘Our investment will mean that we can genuinely tackle fuel poverty in the borough, provide employment opportunities and ensure we as a council continue to lead the charge against the climate emergency we all face.’
Earlier this year, Warrington Borough Council announced plans to become the first Council in the UK to generate its own renewable electricity following investment in two new solar farms in York and Hull.
