£22m funding for power station to create thousands of jobs

CHESHIRE-based wealth asset management company Best International has secured £22m of funding needed to start work Anglesey’s power station project, creating thousands of jobs.

It means work will begin later this year with the second phase of funding already secured via the £2bn investment into the project at Holyhead.

The project is being unveiled later today (January 29) at the Orthios Eco Park in Anglesey with guest of honour MP Albert Owen.

“This marks a major step in the development of the project with work commencing later this year,” said the co-founder of Knutsford company Best International, Jeff Hankin.
 
“The site will be transformed to provide a food and power business, where several core businesses are expected to form a profitable, environmentally friendly and industrial agricultural facility with a renewable energy power plant at the core.
 
“This also comes as positive news to investors, who have believed in the project and with the funding provisions, have enabled Orthios to get to build phase. What started as a relatively small project has now surpassed expectation to achieve funding on a much larger scale.
 
“Orthios continue to want to build a successful relationship with Best International, as we have been integral to the development of this project.”

It was announced in October that Best International had secured a £2bn investment into the projects. They will develop energy and food stations within the Eco Parks – but the investment would only be made once the initial funding had been secured.
 
Best International has now secured the funding  required to begin Phase 1. The funds were raised via Best Corporate Bonds in just 18 months.
 
The project will transform the disused industrial sites at Anglesey into a 299-megawatt combined heat and power station.

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