Bank-backed growth equity fund Business Growth Fund has invested $9.7m in waste management company TRS and recommended its new non-executive chairman.
UK-based waste management services provider Total Recycling Services (TRS) has secured £6.7m ($9.7m) from Business Growth Fund (BGF), the fund backed by banks Barclays, HSBC, Lloyds, RBS and Standard Chartered.
Headquartered in Darlington, TRS works with companies across the UK on their waste management and recycling strategies.
The funding will be used to scale the company, growing its number of services and increasing its client base, according to managing director Alex Foreman.
Foreman said: “After six years building a stable…
