UK-based recycling company J&B Recycling secured £7.5m ($11.7m) in growth capital yesterday from investment fund Business Growth Fund (BGF), according to Angel News.
BGF is backed by UK-based banking groups including HSBC, Barclays, Lloyds, RBS and Standard Chartered.
J&B Recycling offers waste collection, recovery and recycling services throughout the North East of England to the public and private sector. It has a turnover of about £10m a year and employs 175 staff.
The company will use the funding to build…