J&B Recycling, a provider of waste collection, recovery and recycling services to both public and private sector organizations throughout the North East, has procured 7.5m growth capital from Business Growth Fund (BGF).
J&B Recycling will utilize the BGF capital to develop an additional recycling facility in Middlesbrough for treating commercial waste. The fund will also support expansion of its existing facilities that treat household wastes.
The waste recycling sector in the U.K is growing thanks to strong regulatory system prevailing in the EU and the U.K. The governments are committed to divert as much waste as possible away from costly and capacity-constrained landfill sites, into recycling and recovery.
J&B Recycling was established in 2000 by woman enterpreneur Vikki Jackson-Smith. Since then, the business has grown to an annual turnover of c. £10m and employs 175 people.
The current expansion will create further job opportunities across Teesside, according to a statement from J&B Recycling.
Richard Taylor, investment director at Business Growth Fund, said,“J&B has developed from a small business into a reputable, established ethical recycling and waste management company, with an extremely strong family management team.”
Vikki Jackson-Smith, managing director of J&B Recycling, said, “J&B has always viewed itself as an innovator within the industry, from our early days of recycling glass bottles to the development of our state-of-the-art materials recycling facility. This investment will further enhance our reputation as we look to collect, recover and recycle more and more waste to put to new uses.”
Rajani Baburajan