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17th October 2018

Maven invests £2.15 million in Boiler Plan

Maven Capital Partners has completed a £2.15 million investment in Boiler Plan (UK) Ltd, a market disruptive platform that sells, installs and services boilers.  

The transaction includes a £1.65m investment from the Maven VCTs and a £500,000 investment from the North East Development Capital Fund, managed by Maven and supported by the European Regional Development Fund. The funding will help accelerate Boiler Plan’s growth, allowing the business to increase its geographic coverage and invest in its sales, marketing and digital functions.

Boiler Plan provides an innovative online platform for the purchase of a new boiler. Its ‘digital first’ solution offers consumers a quick and convenient way to complete the quote process online, with the installation able to take place within 48 hours. The platform supports the entire boiler sales process, handling everything from the choice of appliance, the initial home survey, finance payment options, installation by a qualified engineer, and the ongoing maintenance and aftercare service.

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