BGF invests in Johnsons Aggregates & Recycling
East Midlands-based Johnsons Aggregates & Recycling secured a £10m funding package to support the construction of the UK’s most technically advanced plant for recycling incinerator bottom ash (IBA), and the company’s long-term growth plans. BGF (Business Growth Fund) provided £5m of equity capital and NatWest provided a further £5m debt facility.
The new £11m recycling facility, located on a seven-acre freehold site in Stanton, Derbyshire, will be fully operational by early 2017. Johnsons currently recycles around 150,000 tonnes of IBA every year. The new plant increases this capacity to 450,000 tonnes per annum.
IBA is created by Energy-from-Waste facilities during the process of converting household and commercial waste into energy. This incineration process creates IBA which is deemed a waste product historically sent to landfill. Johnsons extracts metals from the IBA and turns the residue into a quality aggregate suitable for the construction industry thereby avoiding any material going to landfill.