A new fund offering investment opportunities in the waste and recycling industry to experienced investors has been launched by the New Earth Solutions Group. The New Earth Recycling and Renewable Energy Sub-Fund will support NES technology and projects and has a minimum investment of £250,000.
NES finance director Adrian Jones said: "We are launching the New Earth Sub-Fund in response to demand from institutional investors keen to build their exposure to the waste and renewable energy sectors. Along with existing facilities, NES and its sister company New Earth Energy have a substantial pipeline of projects to finance.
"The New Earth Sub-Fund will invest in these projects, thus helping to ensure the development and growth of our network of facilities throughout the UK."
Speaking at a seminar on the sector Impax Asset Management Venture Capital managing director Nigel Taunt and Jones both highlighted what they called strong growth drivers. These included:
* Waste as a valuable energy resource at a time when geopolitics is threatening energy security
* Growing waste volumes
* Legislative pressures from Europe and the UK on all waste streams.
Taunt also said there was good exit potential after the current market hiatus has passed for people investing in the market now.
The fund will be run by NEE and is part of the companys existing Eclipse Fund which targets specialist investors.
NES and Premier launched a separate fund last year, the Premier New Earth Sub-Fund, for experienced investor and has various projects underway around the UK.