{"id":47349,"date":"2026-07-15T13:54:29","date_gmt":"2026-07-15T12:54:29","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=47349"},"modified":"2026-07-15T13:54:29","modified_gmt":"2026-07-15T12:54:29","slug":"everflow-expand-into-uk-telecoms-with-44m-funding-deal-from-bgf-and-oaknorth","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2026\/07\/everflow-expand-into-uk-telecoms-with-44m-funding-deal-from-bgf-and-oaknorth.html","title":{"rendered":"Everflow Expand into UK Telecoms with \u00a344m Funding Deal from BGF and OakNorth"},"content":{"rendered":"<p>County Durham-based <a href=\"https:\/\/everflowutilities.com\/\" target=\"_blank\" rel=\"noopener\">Everflow<\/a>, which is multi-utility provider that focuses on UK business services, has announced that they&#8217;ve secured a total of \u00a344 million in fresh funding from capital investor BGF and digital bank OakNorth to help the operator expand into telecoms.<!--more--><\/p>\n<p>The funding appears to be evenly split, with \u00a322m coming from BGF and the same from OakNorth &#8211; making this one of the largest deals of the year in the North East. Founded in 2015 as an intermediary between water wholesalers and commercial customers, Everflow has more recently evolved into a nationwide, multi-utility provider achieving 30% year-on-year growth over the last 3 years and serving more than 120,000 premises.<\/p>\n<p>The company&#8217;s expanded offering, which now includes waste management and connectivity services (i.e. broadband and phone), allows SMEs to manage multiple business utilities through a single provider relationship. The latest funding round will support the company\u2019s expansion across the UK, enable diversification into new sectors (e.g. telecoms) through customer growth and M&amp;A, and to expand its 250-strong team.<\/p>\n<p>Everflow also expects to adopt AI to enhance internal business processes and Evie, the company&#8217;s modular platform that unifies all services within a single system.<\/p>\n<blockquote class=\"bq1\"><p><strong>Craig Dallison, CEO of Everflow, said:<\/strong><\/p>\n<p>\u201cWe set out in 2015 with a clear goal. To make utilities simple for SMEs, while bringing greater choice, improved service and better value to businesses relying on the UK\u2019s water retail market. This investment comes at an exciting inflection point for Everflow, and BGF stood out as the partner to help us continue to grow at pace.<\/p>\n<p>As a home-grown business in the North East, we\u2019re proud of our expansion over the past decade. But we\u2019ve also helped our customers operate more sustainably by reducing water consumption and cutting carbon emissions. These outcomes reflect our commitment to delivering both commercial and environmental value for the organisations we work with.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>County Durham-based Everflow, which is multi-utility provider that focuses on UK business services, has announced that they&#8217;ve secured a total of \u00a344 million in fresh funding from capital investor BGF and digital bank OakNorth to help the operator expand into telecoms.<\/p>\n","protected":false},"author":1,"featured_media":36557,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472],"class_list":["post-47349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/116924099529920943","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - 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