BGF has invested £7.5m growth capital in J&B Recycling, a waste recycling company.
Operating from two recycling facilities in Hartlepool and a waste transfer station in Middlesbrough, J&B Recycling provides waste collection, recovery and recycling services to both public and private sector organisations throughout the North East. Customers include local authorities, housing authorities, commercial, industrial and also other waste companies who use J&B’s facilities to recycle their customers’ wastes. J&B Recycling diverts waste away from landfill by increasing the levels and types that can be recycled and reduces the cost of waste removal for its customers.
J&B Recycling operates in a sector that is subject to strong regulatory growth drivers. Current EU and UK government policy aims to divert as much waste as possible away from costly and capacity-constrained landfill sites, into recycling and recovery.
The company is run by female entrepreneur Vikki Jackson-Smith, who established the recycling business in 2000 to diversify from the solid fuels business that her father Alan Jackson had originally established in the 1970s. Since then, the business has grown to an annual turnover of c. £10m and employs 175 people.
BGF’s growth capital will enable the company to develop an additional recycling facility in Middlesbrough for treating commercial waste, as well supporting further expansion at existing facilities where household waste is treated. Following the investment, non-executive director Ross Smith took on the role of non-executive chairman. Ross was formerly CEO of 3i backed MDC Technology and chairman of CSL Dualcom.