envirogy

Marketplace

  • Eriez Waste Management
    Eriez

    All metals recovery with Eriez at RWM 2017

    Eriez will be showcasing their ECS module for complete ferrous and non-ferrous metals separation on stand 5P10-Q11 at the Recycling and Waste Management show taking place at the NEC, Birmingham from the 12th to 14th of September 2017.

  • Bunting Magnetics Europe Ltd Waste Management
    Bunting Magnetics Europe Ltd

    Combined Magnetic Separation Force on display at RWM2017

    For the first time, the combined Magnetic Separation force of Bunting Magnetics Europe Ltd and Master Magnets will be on stand 5P80 at RWM 2017 (NEC, Birmingham, UK 12th – 14th September 2017).

  • RWM 2017 Trade Shows & Conferences
    RWM 2017

    New features and event zones for RWM 2017

    Bigger, better and more collaborative, the UK's premier event dedicated to Energy, Water, Recycling, Renewables and Waste Management is relaunched

  • F&P Sponsors Movers & Shakers
    F&P Sponsors

    F&P reports 'significant interest' at AD and Biogas Exhibition

    Green energy businesses are crying out for investment, and looking at the alternative finance sector to provide it, according to F&P Sponsors, the P2P lending specialist.

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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

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