UK bank offers large funding to Scottish biogas facility
A Scottish biogas provider has received multi-million pound funding from high street bank chain Barclays.
Energen Biogas (EB), a joint venture between Shanks Waste management and Paragon Efficiencies, has been given access to £7.25 million (€8.5 million) via Barclays’ Cashback for Business’ scheme.
EB’s biogas facility in Cumbernauld is now fully operational, and can process 60,000 tonnes of waste a year, after 12 months of testing.
‘Renewables is a key growth area for us, and Energen Biogas exemplifies the types of business we are looking to support,’ says Barclays relationship director Andrew Meadowcroft. ‘Shanks Group is a long-standing client of ours and we have worked with the joint venture on this project from the early stages.’