Shawbrook Bank has agreed to provide £7m of funding to an eco-friendly firm in Sussex.
Rabbit Waste Management Ltd will use the finance to increase its investment in energy generation technology and its provision of electricity via subsidiary Enviropower Limited.
Bill Blyde, chairman at Rabbit Group, said: “With the aim to reduce landfill dependency, we have continued to invest in the business and the technology that allows us to further develop our renewable facilities.”
Enviropower converts waste into electricity using green energy solutions to divert up to 75,000 tonnes of waste from landfills annually.
Oliver Wilson, regional managing director at Shawbrook Bank (pictured above), added that it was “exciting” to see businesses such as Rabbit Group convert waste into electricity and subsequently minimise landfill usage.
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