Manufacturing group lands £1.1m funding line to progress net zero ambition

A distribution and manufacturing group headquartered in Northamptonshire, has used a finance package from NatWest to progress its climate change aspirations, as it seeks to become net zero by 2030.

See Limited is made up of a trio of businesses: Inspired Surfaces, Rex Bousfield and Performance Panels – all of which are involved in the distribution and production of wood veneer and laminate surfaces.

In 2016, a new management team began driving a green agenda, aimed at improving its carbon footprint and encouraging sustainable practices.

NatWest worked with the business to secure a £1.1m funding package, which includes an invoice finance facility and funds from the bank’s Coronavirus Business Interruption Loan Scheme (CBILS).

As part of its sustainability plans the business has invested in new machinery, equipment and processes. Since 2019 the group has recorded and measured its C02 impact through its business operations to ensure full transparency with all stakeholders. It has also joined the Science Based Targets initiative, a global partnership aimed at encouraging companies to act against climate change.

Robert Thompson, CEO of See Group Holdings said: “The finance from NatWest has provided our three businesses with the financial flexibility required to navigate such a challenging period. We have since defied the odds and performed very well despite the tough business climate, which is fantastic.

“But what’s more encouraging is that we’ve got a healthy pipeline of work for the near future and can use the investment package to continue our plans to become a greener, more environmentally-conscious business.”

Paul Marsden, relationship manager at NatWest said: “It’s been a tough time for businesses so it’s encouraging to hear that these companies are performing well and remain committed to their sustainability plans.

“Pledging extensive funds to advance climate change strategies is a real testament to the team, who have been working relentlessly to reduce their carbon footprints and implement greener processes. They’ve proven themselves to be industry leaders in this area, and it was great to supply the funds that facilitated this progressive green agenda.”