A new £50 million investment in recycling and waste infrastructure has been announced by the Green Investment Bank (GIB).
The investment will be targeted at smaller-scale, innovative, recycling and waste projects across the UK.
Managed by Foresight Group, the Recycling and Waste LP (RAW) will raise at least a further £50 million from private co-investors to match GIB’s investment.
The fund was announced at the £47 million Birmingham BioPower plant that turns wood waste into energy.
Secondary Commodity Markets 2015 – the conference for buyers and sellers of recyclable materials takes place on 3 March 2015 in London. Find out more here
GIB chief executive Shaun Kingsbury (pictured) said: “This new facility is a great example of the modern, advanced-technology infrastructure we need to see across the UK. It’s the first time this technology will be used in the UK and the investment will benefit the local economy, with a local small business supplying the plant with wood that would have otherwise gone to landfill. We were delighted to provide the finance that allowed the project to go ahead.
“Investing our capital through funds has proven to be an important and successful part of our investment strategy, allowing us to back a wider range of smaller projects right across the UK. We’ve built a strong partnership with Foresight and look forward to it going from strength to strength.”