Recycling plant secures £30 million funding boost

A recycling facility is set to expand capacity and invest in advanced automation after securing more than £30 million in funding.

N+P Crayford Materials Recycling Facility (MRF) has agreed a £30.6 million bilateral financing package from NatWest, including a £5 million facility from Lombard, to refinance existing arrangements and back a new phase of investment at its Crayford site.

Bosses say the funding will support a capital expenditure programme aimed at increasing recycling capacity and upgrading infrastructure, alongside the introduction of AI-enabled and robotic sorting technology. 

They add the move is designed to improve efficiency and strengthen waste management provision across the South East.

Peter Lam, group financial director at N+P Crayford MRF Ltd, said: “NatWest’s support has been instrumental in helping us scale the Crayford site and invest in cutting-edge technologies. 

“Their understanding of our sector and long-term vision made the process seamless and genuinely collaborative.”

Founded in 2003, N+P Crayford MRF forms part of the wider N+P Group, which focuses on repurposing waste into sustainable resources and reducing landfill reliance.

The five-year facilities include a performance-linked margin structure, aligning the funding with the company’s long-term growth and sustainability ambitions.

Chris Lewis, structured finance director at NatWest, added: “We’re delighted to support N+P Crayford’s expansion; their focus on innovation and sustainability aligns perfectly with our ambition to back businesses building a greener future.”

Steve Murray, relationship director at NatWest, added: “We very much value the long-standing relationship we have with all the team at N+P Crayford and together we look forward to supporting the Group’s strategic growth vision for many more years to come.”

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