Global Renewables operates the Lancashire Waste Recycling plant in Fleetwood, converting waste destined for landfill into fuel for manufacturing plants and power stations. Led by managing director Paul Mellor, the company produces fuel currently sold mainly to Hanson Cement in Clitheroe. The business secured a £300k investment from Lancashire’s Rosebud Finance (managed by Enterprise Ventures) to install additional processing features, improve efficiency and create 10 new jobs. The Lancashire facility is a £6m plant opened in 2013 by engineer Jim Entwisle and Mellor and has already created 15 jobs. Owners plan to open four further plants around the UK and expand their customer base to other industrial users and energy-from-waste plants.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2014