Recycling firm’s cash to expand

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FUNDING totalling £5.1 million has been raised by waste processing firm Sterecycle to pay for an expansion of its Rotherham plant.

The company has received £1.25 million from Finance Yorkshire, while German businessman Lars Windhorst and existing investors, including Aston Hill Financial from Canada, contributed the remaining £3.85 million.

Under the plans, capacity at Rotherham will increase from 100,000 to 175,000 tonnes per annum by late next year.

Tom Shields, Sterecycle chief executive, said: “We’re pleased to have new backers and the ongoing support.”