- Luceco, a leading designer and manufacturer of electrification products and systems for residential and commercial markets, secures £25 million in funding from AIB
- The investment will help the London-based company accelerate growth, drive innovation, and strengthen its sustainability commitments
Luceco, a market leader in the design and manufacture of residential and commercial electrification solutions, has secured £25 million in funding from AIB. The investment forms part of an expanded syndicated multicurrency revolving credit facility (RCF), which has been increased from £80 million to £120 million, providing greater balance sheet flexibility in line with Luceco’s capital allocation strategy.
The funding underscores AIB’s commitment to backing high-growth businesses with a strong focus on sustainability. It will enable Luceco, headquartered in London, to advance its innovation pipeline, broaden its product portfolio, and pursue strategic acquisitions. The company also plans to accelerate the development of energy-efficient solutions that will support customers in achieving their net zero ambitions.
AIB continues to strengthen its presence in the UK by partnering with businesses that align with its core values and market proposition. The bank’s support for Luceco, which has ambitious goals to achieve net-zero itself, underscores its focus on financing companies that are driving the transition to a low-carbon economy and its commitment to UK manufacturing.
Luceco’s strong relationships with major home improvement and hardware retailers, combined with a reputation for trusted, innovative brands, has contributed to the success of this financing. The company’s history of growth through acquisitions has also played a key role in expanding its product range and technological capabilities to date.
The partnership with AIB marks a significant step forward for Luceco, as it continues to grow as a listed UK business.
Jonny Beckwith, Head of Diversified Industries at AIB, said: “We are delighted to support Luceco with this facility as the firm continues to scale and accelerate its sustainability ambitions. Luceco’s clear focus on innovation, operational resilience, and environmental responsibility aligns closely with AIB’s values and our commitment to supporting clients on their journey toward a more sustainable future. We look forward to building a strong and lasting partnership with the Luceco team.”
This deal reflects AIB’s collaborative approach, working closely with management teams and advisors to build strong, value-driven relationships. AIB was part of a four-bank syndicate for this deal, working alongside HSBC, Barclays, and Comerica.
