ONE of the UK’s leading recycling companies, The NWH Group, has welcomed a £19 million funding package from Royal Bank of Scotland, as it underlines its commitment to sustainable operations.
The second-generation family business, which is headquartered in Dalkeith, provides waste management solutions to the industrial, commercial and construction industries across Scotland and north-east England. Its portfolio of over 3,500 customers include NHS, CALA Homes and Scottish Water.
More than £4 million of the Royal Bank of Scotland funding has been used to implement new state-of-the-art technology at the firm’s Mayfield site, which will be used to recycle inert construction and demolition materials.
The new aggregate recycling plant in Mayfield will be fully operational by May 2022 and will increase the site’s processing capabilities from 75 tonnes per hour to 250 tonnes per hour, enhancing the Group’s sustainability credentials and significantly reducing waste deposited to landfill, diverting over a quarter of a million tonnes per year.
The additional funding will be used to accelerate new business and acquisition opportunities as demand for the firm’s services continues to boom across the UK. Through this projected growth trajectory, The NWH Group forecasts that it will more than double its turnover to £100 million by 2025.
With an existing headcount of 370 staff, the growth drive will also create a considerable number of new roles across both management and operational positions in the next three years. The Group is also underway with transitioning its fleet of vehicles to electric-only, with over 5% of the fleet already switched.
Mark Williams, CEO of The NWH Group, said: “We are incredibly proud of our heritage at The NWH Group but the move towards creating cleaner and sustainable communities now tops our agenda. The introduction of the new wash plant technology is an important milestone in our journey as we look to significantly reduce the amount of waste that goes to landfill across the Group.”
“The funding from Royal Bank of Scotland has provided us with financial confidence to drive forward an ambitious and strategic business growth plan and enable us to provide our services in new regions, as well as create new jobs in Scotland and north-east England.”
David McIntosh, relationship director at Royal Bank of Scotland, said: “The NWH Group’s commitment to creating a circular economy is evident with the volume of measures taken firm-wide to ensure that its practices are as green as possible. The revolutionary technology invested in through our funding will bolster its position as a leader within the industry, and the Bank is proud to have enabled this.”
“Royal Bank of Scotland is consistently evolving its sustainability and ESG credentials to reduce impact on the planet and helping our customers realise the same vision is rewarding. We look forward to continuing our relationship with The NWH Group as it embarks on its expansion.”