Social Enterprise Expands with Funding from Barclays
East Yorkshire social enterprise Enviromail Ltd today announced expansion plans with the purchase of premises with funding from Barclays.
Enviromail Ltd is a rapidly expanding not for profit organisation established in 2007. The business specialises in commercial recycling services working with the emerging renewables sector and supporting over 400 businesses across the North bank region of the Humber. Diverting hundreds of tonnes of waste from landfill every week, Enviromail processes paper, cardboard, plastic and glass and the funding from Barclays has enabled them to purchase new premises at Studley Street, Hull.
Peter Lemon, Director, Enviromail Ltd said: ““When we started out in 2007 we aimed to be sustainable and operate in a way that we can employ local people who may have struggled gaining employment – training them with the aim to providing secure employment for these individuals in the future. We very quickly outgrew our rented premises and so it’s been fantastic that we’ve been able to work with Barclays to purchase our own headquarters securing the future of the business and taking us to the next phase of our growth plans. We now have more space for expansion and a purpose built training centre, providing us with the facilities to support disadvantaged adults across the region.”
Enviromail Ltd employs ten people at the new site and an additional two apprentices. Turnover for the current year is expected to exceed £500K.
Mark Flanagan of Platinum Money Ltd worked with Matthew Heaton, Barclays Business Development Manager and Michael Anderson, Barclays Business Manager to put together the funding package for the deal and they said: “It’s great to be able to support a social enterprise which operates in such an environmentally friendly way and also supports vulnerable people in the local community. The new funding will secure the future of the organisation and provide the foundations for their expansion plans.”