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Hay & Kilner's head of commercial, Nick James advised Royston Power Generation who secured a significant investment from the Finance for Business North East Growth Fund. Royston has already amassed blue-chip clients in the marine, offshore, utility and defence sectors. As it bids to add to its turnover, regional fund management firm NEL Fund Managers is backing Royston with a six-figure investment from the Growth Fund.

Nick James commented:
"We have worked closely with Royston and their ambitious expansion plans have seen their turnover increase to £9m. The investment will enable Royston to take advantage of new opportunities for growth."

NEL's funding comes from the Regional Growth Fund managed by North East Finance and will see £125m of investment capital injected into the region by the European Investment Bank, European Regional Development Fund 2007-13 and regional development agency over the next 4 years.

Graham Denholm, Finance director at Royston Power Generation, added: 
"The last few years have been undeniably difficult for our sector, but we've come out of this period in great shape and have a lot of reasons to be extremely optimistic about the future."