Renewables firm secures funding package to facilitate expansion plans

A Nottingham-based supplier of renewable gas refuelling stations has secured debt finance from the Midlands Engine Investment Fund (MEIF) which it will use to fund the installation of dedicated refuelling stations across the UK.

Roadgas designs, manufactures, installs and maintains liquefied and compressed renewable gas refuelling stations. The company works with fleet operators including Nottingham City Transport, which owns and runs 167 biogas-fuelled double-decker buses.

MEIF is managed by the private equity firm Maven Capital Partners.

David Rix, managing director at Roadgas, said: “The exciting expansion plans we have for Roadgas require additional financial support and resources beyond anything the company has seen before. We are delighted to partner with Maven Capital Partners and especially Richard Brighty, who continues to work with us with regard to our financial planning and investments.

“Roadgas has a progressive leadership team, bringing together many years of experience in the gas industry, coupled with an ambitious strategic vision for our continued growth over the next five to seven years to keep us at the forefront of the UK’s green recovery.”

Richard Brighty, investment manager for Maven, said: “Roadgas is delivering an effective solution to the problem of greenhouse gas and carbon emissions in the transport sector. Roadgas is already working with major clients in the haulage and logistics sectors and their strong management team will only accelerate the company’s growth. We look forward to working with David and Becky Rix and watching their team continue to shape and lead this high growth sector.”