Marketplace

  • Jacopa Water
    Jacopa

    Jacopa Scores 100% in Achilles Audit

    Jacopa have taken top honours scoring a maximum 100% in every section across both the ‘Management System Evaluation’ and ‘Onsite Assessment’ categories in a recent Achilles UVDB Verify audit. During the two-day audit Achilles’ qualified assessors scrutinised everything from on-site incident records to the company’s corporate social responsibility policy to finally deliver Jacopa’s top marks score.

  • Jacopa Water
    Jacopa

    100% Success for Modular RBCs

    Northern Ireland Water has awarded a framework contract to wastewater treatment systems and solutions experts Jacopa for Rotating Biological Contactors (RBCs) potentially worth up to £7 million. The framework term is for 7 years (5 + 2 year extensions).

  • Bollfilter UK Water
    Bollfilter UK

    BOLLFILTER UK present our new Fully Automatic Filter aquaBoll®

    After 10 years of carefully consulting with Water Treatment and Sewage Plant operators, followed by 5 years of intensive product development, rigorous testing, patenting and finally global certification by 40 classification societies, BOLLFILTER UK proudly present the aquaBoll®.

  • RWM - Recycling & Waste Management Expo Trade Shows & Conferences
    RWM - Recycling & Waste Management Expo

    The UK’s Largest Recycling & Waste Management Expo

    Event Name: RWM - Recycling & Waste Management Expo

    Event Dates: 12th & 13th September 2018
    Venue: NEC, Birmingham

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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