Venterra Group Gets a Boost from HSBC UK and UKEF
In a move that’s practically giving the offshore wind industry a new lease on life, Venterra Group has secured a £30 million Performance Bond from HSBC UK. The deal is part‑guaranteed by UK Export Finance (UKEF), letting Venterra go out and grab wind projects across the globe.
What This Means for Venterra
The fresh cash flow will power:
- Advance payments that keep project timelines on track
- Bonding requirements that protect partners and clients
- Expansion into markets that were previously off‑limits
With this backing, Venterra plans to grow at roughly 20 % per year in Northern Europe and the Asia Pacific, turning their engineering services into a worldwide powerhouse.
Voices from the Front
Paul Doherty, EVP of Engineering at Venterra, said:
“We’re thrilled to tighten our ties with HSBC UK. The UKEF support is a game‑changer as we take our export services to new horizons. Onward and upward, wind industry!”
Jamie Castle, Relationship Director at HSBC UK, chimes in:
“This extra facility opens doors Venterra couldn’t access before. It’s all about extending our engineering reach to wind farms worldwide. We’re proud to be part of the journey.”
And Carl Williamson from UKEF shares his take:
“This partnership exemplifies how UKEF’s guarantee can bring more finance and global reach to businesses like Venterra. It’s a win‑win for innovation and growth.”
Who Is Venterra?
Founded in 2021, Venterra is a dedicated offshore wind services group. Their portfolio spans from concept design through construction, operation, and even decommissioning of wind farms worldwide.
The group’s ambition? Acquire businesses that add value across the wind‑farm lifecycle, building a service suite that covers everything from the first spark of a concept to the final blades being swapped out.
Stay Updated
Want the latest on this story? Click subscribe to receive real‑time updates right on your device.
