Holystone clears the way for greener growth

A civil engineering company has secured £2.4 million funding to boost operational capacity and environmental impact.

Blaydon-based Holystone Civil Engineering has been backed by Lloyds’ Clean Growth Finance Initiative to invest in advanced eco-friendly equipment to significantly increase the amount of construction site material it recycles.

Bosses say the funding has enabled the purchase of a wash plant and water treatment system, which has increased the firm’s recycling rate from 20 to 30 per cent to up to 90 per cent of construction materials. 

They add the investment will also back a new spin-off, Holystone Waste & Reclamation Solutions, which will focus on sustainable material reuse, helping reduce disposal costs and creating new revenue opportunities.

Ryan Peddie, finance director at Holystone Civil Engineering, known for roads, sewers and demolition services, and work with developers including Persimmon, Story Homes and Bellway, said: “This phase of our growth has been a real turning point.

“What used to be waste is now something we can clean up, reuse and even sell – it’s saving us money, helping the planet and opening up a whole new revenue stream. 

“The backing from Lloyds has been a huge part of making that happen.”

John Turnbull, relationship manager at Lloyds, added: “Holystone is a brilliant example of a business that’s embraced change, spotting an opportunity to operate more sustainably and making the kind of investment that supports both the environment and their growth. 

“It has taken a practical, hands-on approach to tackling waste and found a way to turn it into something valuable. 

“We’re proud to have supported them on this journey.”

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