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How They Funded It: Ep 1 – Wizard Eco

Episode 1: How Wizard Eco Secured £400,000 to Scale Their Green Mission

What does it take to grow a business from a great idea into a major player? In the first episode of How They Funded It, host Lesley Williams speaks with Calum Hiscott, Director of Renewable Technologies at Wizard Eco, a Welsh company leading the charge in sustainable home retrofits and helping households cut energy costs and carbon emissions.

Learn more about Wizard Eco and watch the podcast below 👇 Or listen on Spotify.

Lesley Williams, Welsh ICE CEO interviews Callum Hiscott, Director of Renewable Technologies at Wizard Eco

Meet Wizard Eco:

  • From startup to scale-up: Wizard Eco grew from a small team of friends into a fast-growing business delivering more than 500 energy efficiency upgrades each year under the Government’s ECO4 and GBIS schemes.
  • Funding for growth: The company secured £400,000 through the Investment Fund for Wales, giving them the capital to expand their team, invest in a renewable energy hub, and take on major national contracts.
  • Driving a greener future: With solar PV, air source heat pumps, and high-quality insulation at the heart of their work, Wizard Eco is proving that sustainability and growth can go hand in hand.

About British Business Bank

British Business Bank is the UK’s economic development bank. Our mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net-zero economy by improving access to finance for smaller businesses.

We work with more than 200 delivery partners to deliver funding programmes that address existing gaps in the market.

Smaller businesses don’t generally obtain finance directly from us: instead, we usually provide funds and guarantees to private sector partners such as Venture Capitalists, angel groups, CDFIs, banks, asset finance providers and alternative lenders, enabling them to finance a greater number of smaller businesses (either through debt or equity).

We look to help increase the diversity of supply of finance for smaller businesses, so businesses can access the finance they need at whatever stage they are and wherever they are based.

Our programmes are designed for businesses at three stages of growth: Start Up, Scale Up (those with high growth potential), and Stay Ahead (viable companies seeking to stay ahead in their market).

About the Investment Fund for Wales

The British Business Bank’s Investment Fund for Wales aims to drive sustainable economic growth by supporting innovation and creating local opportunities for new and growing businesses across Wales.

The Fund offers a range of commercial finance options with smaller loans from £25,000 to £100,000, debt finance from £100,000 to £2 million and equity investment up to £5 million. The fund covers the whole of Wales, including rural, coastal and urban areas.

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