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Waste business secures £177,000 loan

A waste treatment business from Birmingham has secured a £177,000 business loan from Lloyds TSB Commercial to buy a cutting-edge screening and separation treatment plant.

The Environmental Screening and Separation was established 18 months ago in Coleshill, and provides plant, equipment and manpower to the waste industry, in order to remove and separate silt, grit and plastics, thus reducing by 70% the waste amount sent to landfill.

The Enterprise Finance Guarantee (EFG) loan (which is backed by the Government) has made it possible for the business to acquisition a new mobile D:Max Machine that filters and separates out solids from sludge and water that was left behind.

The EFG currently has 8 employees, an annual turnover of over £550,000, and gets loans approved by creditors for small businesses that have a good proposal but poor security. It has signed many contracts with large water companies, like Severn Trent Water and United Utilities, and is looking forward to see this new eco-friendly purchase double its turnover by the end of the year.

The Department for Business, Innovation and Skills places partial collateral for the loan.

Peter Roche, director at Environmental Screening and Separation, said: “We have secured various works with Severn Trent Water and United Utilities, which is great news, and have had enquiries into helping to screen and separate material derived from dredging canals and rivers, reed beds, gully and drain cleaning, which we are currently progressing. Without the funding from the bank, we simply would not have been able to satisfy the increasing interest in the service.”

David Holloway, relationship manager for Lloyds TSB Commercial, said: “Environmental Screening and Separation is a fascinating business.

“By taking what is essentially a waste product which would otherwise be sent to landfill and removing the majority of the mass, they are making a significant step towards making waste treatment more sustainable.

Via Birmingham Post

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