Marketplace

  • Air Quality & Emissions Show (AQE) Air Quality
    Air Quality & Emissions Show (AQE)

    View live vehicle emissions data at AQE 2018

    Visitors to next week's Air Quality & Emissions Show (AQE 2018) in Telford will be able to view live emissions data from vehicles travelling on a road close to the Telford International Centre, where the event will take place (21-22nd Nov.) Ricardo plc, a global strategic engineering and environmental consultancy, will operate the monitoring equipment, providing a live feed into their AQE exhibition stand number No. 74.

  • ABB Laboratory, Monitoring, Process & Analytical
    ABB

    ABB to exhibit latest technologies for water and air monitoring at WWEM & AQE 2018 shows

    ABB's new AquaMaster flowmeter and Dynamic QR code remote assistance tool for air quality systems to feature at WWEM & AQE 2018 shows

  • Jacopa Water
    Jacopa

    Jacopa Strengthens Stormwater Solutions

    Wastewater solutions specialist Jacopa has reached a landmark agreement with German water technology systems expert Steinhardt GmbH as the sole agent for its wide range of flood and process protection products in the UK and Ireland.

  • EMEX 2018 Trade Shows & Conferences
    EMEX 2018

    EMEX, the Energy Management Exhibition, taking place on the 21st and 22nd of November at ExCeL London will have a stellar line-up of speakers and exhibitors.

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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