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Hotbed members invest in waste recycling and green energy provider

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Members of UK private investor syndicate Hotbed, have  just completed on their GBP2.25m investment in Enviroparks, a company that will build a series of processing plants that generate energy from waste products.

It is one of the first Enterprise Investment Scheme (EIS) eligible investments to be made since changes announced in the Budget increased income tax relief available under the scheme from 20% to 30% from 6 April.  
 
Enviroparks’ Chairman, Roger Hewitt, built Shanks Group plc from a GBP9m private, regional operator into the UK’s largest listed waste management company valued at over GBP500m.
 
Russell Pope, Chief Investment Officer at Hotbed, says: “This is a great opportunity for our members to invest in the fast-growing energy from waste sector. This is exactly the kind of innovative business that the Government wants to encourage investment in through EIS. It is also just the kind of investment that Hotbed members want us to present to them.
 
“European and UK legislation is increasingly directing local authorities away from landfill towards recycling and processing facilities such as the advanced thermal treatment plants that will be built by Enviroparks which go beyond burning in incinerators.  In addition, many businesses are looking at how they dispose of waste, as they face growing pressure from shareholders and other investors to demonstrate their green credentials.”
 
Enviroparks’ model hinges on integrating proven cutting-edge recycling and energy production technologies, including gasification and anaerobic digestion technology.  The way Enviroparks brings these technologies together on one site means they will be able to process more waste more efficiently and generate more useful energy output than other providers.

“Enviroparks’ facilities will squeeze every ounce of value out of incoming waste by integrating the best available technologies in one facility," says Hewitt. "That means they will benefit from all the legislative incentives designed to encourage more recycling and more efficient conversion to power.  That is great news for the environment and for investors.”
 
Plants will be sited near large energy users, such as data centres or cold storage providers, who will buy steam or heat by-products from the facility as well as electricity. 
 
Planning permission has already been granted for the business’s first facility on a 20 acre site on the Hirwaun Industrial Estate in South Wales. The site will be capable of processing up to 240,000 tonnes of waste p.a. A pipeline of other potential sites has also already been identified.
 
“Enviroparks’ management team has already proven its ability to successfully navigate the planning process, which is often challenging for waste and recycling facilities," says Pope. “The team’s collaborative approach involves communication and education of stakeholders, including any pressure groups, and consultation at all levels throughout the planning and permission process.”

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