Selkirk-based energy firm Spark Energy is set to create 50 new jobs after doubling its turnover to £80million in the last 12 months.
And this week it was awarded £200,000 by Scottish Enterprise to help with its expansion plans.
The announcement was made by the First Minister Alex Salmond during a visit to the town.
It’s the 30th Cabinet meeting to take place outside of Holyrood, and the third to take place in the Borders.
Spark Energy Chief Executive Chris Gauld said: “We are thrilled to welcome the First Minister and see his visit, and the funding, as recognition that we are getting it right – employing over 200 people in an area which has major employment challenges, bettering the Big Six for customer service, breaking the 100,000 customer barrier, and showing that there is a very important role for independent suppliers in ensuring real competition in the energy market.”
Of the 15 smaller energy suppliers in the Which? Customer satisfaction survey, Spark Energy is the only firm headquartered in Scotland and outranks all of the Big Six.
Visiting the company’s offices in Selkirk after Tuesday’s Cabinet meeting in the town, Alex Salmond said: “The success of Spark Energy is excellent news for the Borders, I am delighted that we have been able to provide £200,000 to support the continued growth of the company.
“Small suppliers have a critical role to play in improving the choice, service and transparency which has been lacking in the past.
“With the right support, there are tremendous opportunities for smaller suppliers to make real changes to the energy market, which is why to date the Scottish Investment Bank has invested £855,000 in Spark Energy.”
The First Minister went on “I would also like to congratulate the team at the Selkirk site, who have very recently secured their 100,000th customer, this is a testament to the hard work of all involved here.”
Spark Energy is working closely with Scottish Enterprise to grow and expand.
In recent years the company has been supported to invest in a range of business improvements to help increase turnover, sales, productivity and employment.