Skip to content

Business & Economy

Global Procurement Group shortlisted for national business awards

The parent company of Northern Gas and Power, Global Procurement Group, has been shortlisted in two categories of the 2020 Lloyds Bank National Business Awards.

The energy specialist has reached the finals in the LDC Growth Through Innovation Award and the Lloyds Bank Mid-Market Business of the Year Award.

Global Procurement Group specialises in energy management and procurement to enable businesses to manage their energy requirements while also cutting costs, consumption and carbon footprint.

With offices in Gateshead, Newcastle, Leeds as well as the US, France, Malta and India, it has built a number of business and supplier partnerships globally since being founded by Fokhrul Islam ten year ago.

Over the last four years, the company has quadrupled turnover to more than £43 million and estimates that its headcount in the North East will be 700 by the end of this year.

The UK operation, Northern Gas and Power, has recently taken four floors of grade A office space on the Gateshead waterfront.

Group finance director Chris Baty said: “We’re delighted to be a finalist in two categories in these prestigious awards.

“It represents the culmination of a massive effort from every single person in the business over the last 12 months in what have been exceptionally challenging circumstances.

“In tough conditions during COVID, we’ve launched some fantastic new products to support our 18,000 customers – ClearVUE. Lite and our new, smart-grid connected online price comparison engine –, for the micro and SME market across the UK.

“We are also soon to launch ClearVUE. PRO, the very latest in energy metering, monitoring, management and targeting, giving businesses greater insight into (and control over) their energy.”

Michelle Ord, North East Chamber of Commerce senior relationship manager added “This is a great accolade for a real North East jewel in the crown.

“The continued drive and focus on future growth by the business has been exceptional – leading to both job and revenue creation across the north east. Its expansion overseas too is impressive.

“The expertise possessed by the business in terms of industry knowledge has clearly been recognised in these prestigious awards. It’s a great achievement and we wish them all the best in the finals.”