Levenseat secures £8m investment to fund growth at Scottish recycling business. Levenseat Resource Management has secured an £8 million investment package from Levenseat Investments, a vehicle led by renewables entrepreneur Chris Walker. The funding includes a £4 million working capital facility and will support market expansion at the central Scotland-based resource management company.
Walker, who is chairman of Muirhall Energy, Scotland's largest independent renewables developer, joins the LRM board alongside Alan Frain, a financial and turnaround specialist with more than 25 years in corporate banking.
Angus Hamilton, LRM chief executive, said the funding "not only secures our financial foundation but provides the necessary capital and industry expertise to develop our business to the next level." Levenseat operates recycling and resource management facilities in central Scotland, including a materials recycling facility and energy-from-waste plant.
Packaging firm Pact Group has invested in Plan B Circular, the UK textile-to-textile polyester recycler behind Project Re:claim, its joint venture with the Salvation Army Trading Company (SATCoL). The deal aims to scale polyester recycling ahead of EU legislation expected in 2028.
Sixteen international partners led by Danish Technological Institute have launched InFACT, a project to turn household flexible plastic waste such as crisp packets, coffee bags and meat films into new packaging, including food packaging. Less than 15 per cent of this material is currently recycled.