Solihull BID


Solihull-based UK Power Reserve has been included in a list of the 100 fastest growing companies in the UK, having doubled its workforce in the last 18 months.

All the companies selected have demonstrated substantial growth over the past year and been identified as the 'ones to watch' in The Leap 100 2016, launched by London law firm Mishcon de Reya and newspaper City AM.

UKPR is a key contributor to the UK's electricity security of supply, working closely with National Grid to manage peaks in demand, and with the UK government to avoid future shortfalls in electricity generation.

This is achieved by having 'reserve' power generation plants UKPR can switch on to produce additional electricity, should National Grid identify a potential shortage.

Tim Emrich, founder and CEO of UKPR, said: "We're proud to be on this year's Leap 100 list which demonstrates immense importance of the service we provide to the UK as we help to 'keep the lights on'.

"Since the start of 2015 we have more than doubled our team as we ramp up to quadruple the size of the business, adding in excess of 500MW on new gas-fired power stations across the UK, helping to ensure that electricity is available when it is most needed."

Established in 2010, UKPR employes nearly 100 people at its Solihull headquarters, and nationally, and is embarking on a number of initiatives including local work experience opportunities and potential apprenticeships. The Leap 100 companies, which range in terms of scale and sector, were chosen because of their growth potential and ability to make the leap to the next level in terms of revenue.

Nick Davis, Head of Corporate at Mishcon de Reya, said: "This stage of a company's growth can be very dramatic, with risks of serious setbacks and sudden lows, but with high rewards for those who make it to the other side.

"The Leap 100 campaign examines and celebrates the hurdles and opportunities that fast growing companies face.

"We launched The Leap 100 in 2015 to support a select group of some of the UK's most exciting, high growth companies. This year's list is yet again dynamic group of companies to watch."