Marketplace

  • Cirrus Research Health & safety
    Cirrus Research

    THE LAKES ARE ALIVE WITH THE SOUND OF MUSIC!

    THE VENUE: LAKES ALIVE FESTIVAL, KENDAL.
    THE CLIENT: CHRIS SELKIRK, OF SUSTAINABLE FESTIVALS.
    THE KIT: OPTIMUS GREEN ENVIRONMENTAL SOUND LEVEL METER

  • Cirrus Research Awards & Standards
    Cirrus Research

    Leading the way - Cirrus Research now a UKAS accredited laboratory for calibration services

    Noise monitoring instrument suppliers and manufacturers, Cirrus Research, have taken a further step in cementing their position as one of the world's leading noise experts, as they have received UKAS accreditation for the calibration of sound level meters, acoustic calibrators and octave band filters.

  • North Wiltshire Sustainable Business Conference Trade Shows & Conferences
    North Wiltshire Sustainable Business Conference

    A packed weekend of sustainability events in North Wiltshire

    Chippenham will play host to a series of sustainable business events, conference, seminars and exhibition on Friday 19th and Saturday 20th October. 

  • Green Motion Transport
    Green Motion

    Green Motion wins Green World Environment Award

    Green Motion International has won a Green World Environment Award in the international campaign to find the world's greenest countries, companies and communities.

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Friday, 12 May 2017 09:34

Funding at last allows anaerobic digestion plant the power to succeed

A firm that was rejected on no fewer than 25 occasions to fund the construction of a new anaerobic digestion plant is now powering to success, thanks to the support of peer-to-peer funding specialists F&P Sponsors.

FP biodynamic Ad fundingmain Only two weeks after contacting F&P Sponsors, BioDynamic UK was listed on a peer-to-peer (P2P) platform, and secured the £1.5 million needed to turn its sustainable energy dream into reality.

Maxwell Bagnall, owner of BioDynamic UK, says that finance was the "biggest hurdle" during the construction, and most recently the expansion, phase of the plant, which is based in Colwick, Nottinghamshire: "In our industry we have to be fast-moving otherwise subsidies and grants will expire and opportunities will be missed," he explains.

"Traditional lenders see the risk as being too high, but are more comfortable once the facility has been built. This means that short-term funding through P2P works in the early stages, and because F&P Sponsors does not penalise a borrower for early settlement, the loans can be repaid using traditional bank finance when the reduced risk of an established business satisfies the banks' strict lending criteria."

F&P was recommended to Maxwell through a friend, and since joining forces, BioDynamic UK has gone on to become one of the many success stories within the F&P portfolio. There are now more than 250 F&P borrowers who have secured some £100 million in P2P funding. For its initial round of funding, security was taken on the site owned by BioDynamic UK on which the plant was built.

biodynamic ad funding FP logoWith the completion of the construction phase, BioDynamic UK has now gone on to secure additional funds of nearly £750,000 to expand the plant further and increase its power output to 2.5MW. This means it now has the capacity to treat 150,000 tonnes of food waste every year, and turn that waste into electricity for the local area.

"We have real confidence that should the business require further expansion, or we move on to set up a different project, we have a faithful partner in F&P that will support and understand us throughout the process," Maxwell continues.

Ivor Freedman, Director at F&P, says companies are consistently facing rejection from traditional lenders: "It is a common problem, and one that we are able to solve quickly with our approach to P2P," he concludes.

http://fandpsponsors.com

http://biodynamicuk.com

WWEM 2018

AQE 1018