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AD loans still available

Loans from a £10m pot to finance anaerobic digestion (AD) projects launched last year are still available, after administrators revealed it had received seven bids to date.

WRAP, which has this month rubber-stamped the fund’s first loan, told MRW it had received seven bids for loans of between £50,000 - £1m to date, following Defra launching the fund in July 2011,

The government agency would not comment on specific bids for commercial reasons but a substantial amount of the pot remained up for grabs.

The cash will be administered over a four-year period, with phased applications windows from July-October 2011, January-April 2012, June-September 2012 and December-March 2012-13.

A WRAP spokesman told MRW councils could also apply for the cash.

He said: “Any type or size of company is eligible to apply for the loan provided they can meet the eligibility checklist (see www.wrap.org.uk/funding).

“We would certainly look at applications from councils who apply. To date no councils have applied for the AD Loan Fund.”

WRAP announced the fund’s first beneficiary when it awarded Malaby Biogas an £800,000 package.

The fund aims to support 300,000 tonnes of annual capacity to divert food waste from landfill by 2015.

 

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