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UK’s largest independent energy supplier First Utility expands to new premises in Warwickshire 123 new jobs created in the region in 2012

wantspacegotspace.co.uk - office space in warwick - UK’s largest independent energy supplier First Utility expands to new premises in Warwickshire 123 new jobs created in the region in 2012Commercial property consultancy Vail Williams has secured new headquarters for First Utility in Warwick. The move has enabled the UK’s largest independent energy supplier to create 123 new jobs during 2012.

The relocation sees First Utility move from its original base at Tachbrook Business Park, where the company was founded in 2008, to a new 28,000 sq ft premises in the Opus 40 Business Park at the heart of Warwick’s tech hub. The new site allows room for the growing team of staff, as well as offering an inspiring high-tech environment.

Vail Williams acted for First Utility to conduct the search for the new headquarters – identifying and securing the premises. D&P Holt acted as agent for the landlord Telent.

Vail Williams Associate Charles Warrack said: “We used our in-depth market knowledge to find the premises fast, and off market as it was not being advertised proactively. We were able to agree terms quickly and within two or three months the deal had been done.

“The speed of the deal gave the client a competitive edge because they were rapidly outgrowing their existing accommodation – we understood their deadline and the need to be up and running in larger space.

“It’s the client who has created these new jobs but we’re delighted to have used our expertise to facilitate that process. Significant expansion is not possible unless a business has somewhere to grow into.”

“We have worked hard to build an energy company which offers a real alternative for consumers. Our business has grown rapidly over the past 12 months, with consumers looking to lower their bills through switching to more competitive tariffs and reduce their consumption through innovative new technology,” commented Ian McCaig, CEO of First Utility.

“Our new offices offer our growing staff numbers an exciting, high tech environment to work in, which is already proving to be an inspiring environment in which to grow.
“We are pleased to announce that, due to our fast track growth, we have grown our team by 60 per cent this year,” he added. “We expect to further grow our market share over the next 12 months, as we continue to offer a compelling proposition which resonates with the UK consumer.”

First Utility is ranked 20th among the fastest growing companies in the UK in The Sunday Times Fast Track 100 listings. It was founded in Warwickshire in 2008 and pioneered the first roll-out of innovative smart meter technology to help UK households attain better control of their energy spend.

The company has chosen to locate in the region for a number of reasons which include the great local infrastructure, as well as a highly relevant and skilled talent pool. First Utility is confident it will benefit from this relevant skills base and is proud to be growing its high-tech investment in Warwick while complementing other technology businesses, such as IBM and Telent, which also occupy the business park.

Chris White MP joined Ian McCaig and First Utility staff to open the premises recently, commenting: “I am delighted to officially open First Utility’s new headquarters in my constituency. First Utility is the largest independent energy supplier in the UK, which now employs over 290 people and is continuing to recruit.

“The Government wants increased competition in the energy market and I am particularly pleased to see that First Utility, a company which was founded in my constituency, has responded to this challenge. As well as offering some of the cheapest energy tariffs, First Utility delivers innovative solutions, such as smart meters and software to analyse energy use, that helps consumers reduce their energy consumption and save money.”

Posted by The Editor (wantspacegotspace) on 10th December 2012 (updated 11/12/2012)

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