Recycling pioneer cleans up with fresh investment

A recycling company is set to expand with £3.3 million funding. 

Impact Recycling has received follow-on investment from IW Capital, building on previous grants and loans including a £7 million loan from Nestlé.

Bosses at the firm, which has operational plants in Glasgow and Peterlee, County Durham, say the funding will support business development and expansion into new markets, following the signing of international licences with Finnish and Korean partners to boost recycling capacity abroad.

The firm is known for a patented system that separates mixed plastics into high-purity streams.

David Walsh, chief executive of Impact Recycling, which serves UK and European clients across the healthcare, packaging and waste management sectors, said: “This investment marks a significant milestone in our journey. 

“With strong demand from global partners and our licensing model gaining traction, we’re well-positioned to scale our operations. 

“We are thrilled to have IW Capital’s support as a partner as we develop the business and our market presence.”

Alan Armstrong, chair of IW Capital and head of investment, added: “Impact Recycling exemplifies the kind of business we’re proud to support – deeply innovative, commercially proven and playing a critical role in the future of sustainable materials. 

“Its technology and strong customer traction make it a standout opportunity in a market undergoing rapid regulatory and consumer-driven change.”

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