Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

Environment secretary Owen Paterson hosts Investor Symposium

Investors, bankers and entrepreneurs have been meeting industry bosses and Government officials to find ways of channelling more money into the waste and recycling sector.

The Investor Symposium was hosted by the environment secretary Owen Paterson at the Guildhall in London. Attendees included representatives from HM Treasury, Barclays, HSBC and Lloyds, the Green Investment Bank, and specialist industry investors Eternity Capital, Foresight Group and Ludgate Investments.

Participating waste management companies were: Cory Environmental, Shanks Sita UK, Viridor and Veolia Environmental Services. Several waste and recycling trade bodies were present, and there were also representatives from retailers and the construction industry (see full list of attendees below).

Owen Paterson

Paterson (left) said prior to the event: “There is a huge global market in waste and recycling and I want to see UK businesses leading the way on this.”

The waste and recycling sector generates more than £12bn per year in the UK and it is expected to grow by 3% annually, according to Defra.

But Paterson said more could be done to improve the UK capacity to deal with the growing industry. More than £5bn worth of recycled material is sent abroad for processing every year instead of being handled in the UK, he noted.

An investment report published by LRS Consultancy and Catalyst Corporate Finance in January estimated that more than £7bn will be invested in the sector in the next six years. However, it said there was a gap between the way businesses in the sector present themselves and what funders are actually looking for.

Speaking at the summit, WRAP chief executive Liz Goodwin said: “The bringing together of investors, bankers, asset financiers and developers in one room - as we have done today - offers a unique opportunity to understand some of the challenges to investment and discuss your recommendations for overcoming them.”

William Mainwaring, co-founder and chief executive of plastics technology company Vertech and Sicut Enterprises Limited, said: “As a manufacturer, we are particularly keen to meet with stakeholders from other disciplines and to share thoughts on how to collectively seize the significant opportunities within the sector while overcoming the barriers to growth, particularly investment in small businesses.”

Organisations attending the symposium include:

  • 2K Manufacturing Limited
  • ACE UK
  • ADBA
  • Ailsa3 Ventures Ltd
  • Aldermore
  • Arup
  • Barclays
  • Barratt Consulting
  • BH EnergyGap LLP
  • Bio Group
  • BNP Paribas Real Estate
  • CBRE Global Investors
  • Chartered Institute of Waste Management
  • Close Brothers
  • Close Leasing Limited
  • Clydesdale
  • Coca-Cola Enterprises Ltd
  • Compass Business Finance
  • Cory Environmental
  • Costain plc
  • Eco Plastics
  • EEF
  • Ekman Capital
  • Environment Agency
  • ESA
  • Eternity Capital
  • EWRG
  • Finance South East (FSE)
  • Foresight Group
  • Fourcade Associates
  • GM Waste Disposal Authority
  • Green Alliance
  • HSBC Bank plc
  • Infrastructure UK (HM Treasury)
  • John Laing Investments
  • Kinetix Corporate Finance LLP
  • Lloyds Banking Group
  • London Waste & Recycling Board
  • Ludgate Investments Limited
  • Petros EcoSolutions Ltd
  • RePet Limited
  • Scottish Government
  • Shanks (GEC)
  • SITA UK Limited
  • Sustainable Technology Investors
  • Triple Point Investment Management LLP
  • UK Green Investment Bank plc
  • Veolia Environmental Services
  • Vertech Limited
  • Viridor
  • Waste Transition Limited
  • WRAP
  • For updates on the story check back at MRW.co.uk/news

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.