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WRAP's eQuip financial scheme needs more members to meet demand

Financial support for the recycling sector is set to expand to keep pace with demand as members are sought for an established scheme that stimulates investment. The eQuip Residual Value Guarentee equipment leasing scheme, run by the Waste & Resources Action Programme (WRAP), has 10 member finance providers but now wants new lessors to join its team. WRAP head of business support Ian Wardle said: eQuip has already made a significant contribution towards meeting UK recycling targets. To date, 328 assets have been guaranteed through eQuip, at a value in excess of £19 million. These assets have already diverted three million tonnes of waste from landfill and the demand for this type of activity is going to grow rapidly in the next few years as we move towards a total ban on landfill disposal. We need other lessors to join the existing panel so that we can help the recycling sector to keep pace with this demand. The eQuip scheme, launched in 2004, is managed by specialist asset management and remarketing company Cranmer Lawrence & Company, on WRAPs behalf. The scheme offers Residual Value Guarantees on plant and machinery to lessors able to provide operating leases to recycling related businesses. For more information visit

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