Financier helps get mothballed £10m recycling plant off the ground with £2.2m boost

A LEEDS financier has stepped in to provide a £2.2 m funding boost which is expected to get a mothballed eco-friendly waste recycling plant fully operational by October - creating at least 30 new jobs and generating a £10m turnover.

Graphite Resources, at Blaydon in Newcastle, was bought by holding company Catfoss last year, three years after the plant was shelved when its bank Lehman Bros collapsed.

Access Commercial Finance, based in Leeds, has provided the funding package in multiple phases to refinance t... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...