Grimsby heat pumps firm transforming neglected three-storey property
John Fenty, right, chairman of Cool Energy shakes hands with business advisor Tim Maddinson, with Cool Energy managing director Chris Gray, left.
By Grimsby Telegraph | Posted: 30 Jan 2019
SMALL-scale renewable energy development has prompted the major refurbishment of a three storey prominent Grimsby property, with the Mariners’ major shareholder John Fenty at the helm.
Cool Energy, a company manufacturing and suppling heat pumps for the domestic, commercial and industrial markets, is transforming the property on Cleethorpe Road, backed by a Growing The Humber grant.
He and managing director Chris Gray have secured a £38,500 cash injection from Humber Local Enterprise Partnership, as it builds on initial success.
Mr Gray, an experienced commercial and industrial heating and electrical engineer, and chairman John Fenty, director of Grimsby Town FC, are transforming the neglected site into three-floors of warehousing and storage, with a showroom, training facility, and office space.
Cool Energy, Cleethorpe Road, Grimsby
The business partners recognised the manufacturing opportunities for state-of-the-art heat pumps that can be easily and efficiently installed, and combined their resources to establish the business in 2016. Already, Cool Energy is exceeding sales projections. Mr Fenty said: “We’re from Grimsby, born and bred, and we could have had a purpose-built facility built but we wanted to invest in what we have here. This is an area that’s in need of a facelift, and we want to be that catalyst.
“Moving into this property has enabled us to advance our plans much more quickly. The business is growing and we’re increasing capacity. Sales are already double what we projected.”
The grant, secured as part of the Government’s commitment to the Northern Powerhouse, was secured by E-Factor Business Growth Hub adviser Tim Maddinson, who helped develop business plans and forecasting before submitting the completed application.
Mr Fenty, who launched Five Star Fish and has been involved in several other business ventures, added: “We’d like to give our utmost thanks to Tim and E-Factor. The funding has helped the business to progress as planned, and their input has been invaluable. They are more than able to steer you in the right direction.”
Renovation work is expected to be complete in the near future, with recruitment for additional experienced engineers underway.
Tim said: “It’s great to see such an innovative business spearheading the regeneration of this key entry point into our town. An awful lot of blood, sweat and tears have gone into creating both the new range of Cool Energy products and this state-of-the-art operating centre and I look forward to working with them in the future”