A grant of £133,000 has been awarded to London Tyre Recycling (LTR), based in Edmonton North London, to buy shredding equipment and help tackle some of the 48 million waste tyres that need to be disposed of across the UK each year. LTR managing director Glyn Brooke said: The grant we have received from the Enhance Capital Fund (ECF) is extremely important for the business. This will enable it to develop quickly and expand its offering to other businesses and local authorities, as well as potentially supply recycled rubber chips and granulate to use for the development of the 2012 Olympic Games. Grant provider ECF is a support service for green enterprises in London, which is supported by £4.8 million from the London Development Agency. The ECFs team is comprised of experts from delivery partners London Remade and the London Community Recycling Network. London Remade programme manager Hugh Smith said: The Enhance programme has awarded LTR with a capital grant to work in response to the EU Landfill Directive that bans most tyres from being sent to landfill. The funding will enable it to take used tyres from this priority waste stream and reprocess them into rubber chips that can be used to manufacture many new products. The cash will buy an Eldan pre-chopper and super-chopper that will shred waste tyres, primarily from Edmonton and Park Royal. Tyres on rims will be separated and the steel sent for resmelting. As well as creating 13 jobs, the grant will mean that the company can offer an environmental service in an Objective 2 area of London. Objective 2 is a programme aiming to redress imbalances in Londons economy by tackling barriers to economic opportunity in areas suffering industrial decline, urban deprivation, low economic activity and social exclusion. For more information click: www.enhancelondon.co.uk or http://www.gos.gov.uk/gol/European_funding/Objective_2/?a=42496 Image: Recycled tyres are typically used in engineering, the sports and recreation industry in equestrian ménage rings (pictured), artificial sports surfaces, in landscaping, and in horticulture mulches, drainage.