Recycling company Recresco has announced a £1.5 million investment in advanced glass recycling equipment at its Ellesmere Port site in Merseyside. With the new machinery the site will become one of the largest of its type in the UK. The facility, which is being funded by Alliance and Leicester, will sort mixed coloured glass into single colour streams of brown, green and clear glass. The company also owns three other UK sites, in Avonmouth, Kirby and Southampton, which provide recycling services for more than 100 local authorities. Recresco managing director Graham Gent said: "The support we have received from Alliance & Leicester has allowed us to provide cutting edge glass processing facilities for the UK to help achieve the country's EU recycling targets. Colour sort technology is spectacularly effective and will play a crucial part in delivering cost effective waste reduction solutions for the UK." Alliance & Leicester business development manager Iain Bomberg added: "Our dedicated waste management team has a real understanding of the needs of recycling organisations, such as Recresco, and this enables us to provide tailored financing. We have seen an increase in the amount of funding we provide to the waste management sector and are now one of the largest lenders under the Equip scheme in the UK." The Equip Residual Value Guarantee (RVG) scheme is provided by the Waste & Resources Action Programme and Alliance & Leicester was a scheme founder member. Equip RVG helps recycling companies to secure financial backing and guarantees the future residual value of the machinery needed. It has also set up a panel of banks and leasing companies who work with the recycling sector.