BioFund Completes its First Biomass Boiler Installation

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Specialty Finance Company to provide fully funded Biomass Boilers to UK Businesses

"We have built a powerful new tool for UK based businesses to get a high quality, clean burning boiler while covering 100% of the installation cost," - Jack Hollihan, Managing Director of BioFund

BioFund, along with its installation partner, Superseal has completed its first fully funded Biomass installation for the Portsonachan Hotel on Loch Awe in Southlochaweside, Dalmally Scotland. BioFund financed 100% of the installation costs for the Portsonachan Hotel’s brand new biomass boiler providing the hotel with reliable, clean, and low cost heat for their guests.

“We have built a powerful new tool for UK based businesses to get a high quality, clean burning boiler while covering 100% of the installation cost,” said Jack Hollihan, Managing Director of BioFund. “We are very excited to be able to provide the Portsonachan Hotel and its guests with the peace of mind that comes with a new biomass boiler”

BioFund is run by energy and finance industry veterans and is funded with over ₤35 million of long term institutional capital to fund biomass boiler installations for UK-based businesses.

“We worked closely with BioFund and the Portsonachan Hotel to ensure that they got a high quality biomass boiler that meets their heating needs for decades to come while reducing their carbon footprint and significantly cutting their heating costs,” said Kenny Webster, Managing Director of Superseal.

“We are very excited about our new biomass boiler installation. BioFund and Superseal delivered a fantastic solution for our heating needs at absolutely no upfront cost to us,” said David Parker, Managing Director of Portsonachan Hotel. “The biomass boiler provided by BioFund will permit us to significantly reduce our heating costs, offer a more environmentally friendly product to our guests while also enhancing our overall guest experience.”

BioFund and Superseal are currently working to complete an additional six fully funded biomass boiler installations in the coming weeks. BioFund has further just launched its innovative “Take cash out of your boiler” sale-leaseback program which permits businesses with an existing biomass boiler to get cash today.

For more information on BioFund please go to http://www.biofund.co.uk or call at: 0207 351 4489

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About BioFund:

BioFund was organized in 2015 by financial and renewable energy industry veterans to provide UK-based businesses with 100% financing for select biomass boiler installations.

BioFund is funded by a number of private persons and family offices, together with institutional investors. BioFund’s evaluation and funding process is streamlined, using a simple process to qualify lessee end user participants, and standardized documentation for consistency and efficiency.

BioFund believes that investments such as these that help extend the take up of biomass boilers in the UK, consistent with governmental policy, is a positive way to support the common goal of improving the environment, and therefore is pleased to provide this program.

About Superseal:

Superseal has fast become one of the UK’s leading providers of renewable energy products. Superseal prides itself on being able to offer its customers high quality installations and customer care. All of Superseal's staff are committed and qualified to maintaining the highest possible standards.

Superseal aims to help all of its customers find the right installation to suit their needs. Supporting them through every step of the process from enquiry through to installation and even beyond as they visit for quarterly servicing and maintenance. Superseal has secured renewable energy funding from one of world’s most respected investment institutions for the installation of commercial biomass that qualifies for Non-Domestic RHI, at no cost to selected customers.

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Jack Hollihan
Biofund
+44 207 351 4489
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