Firm wins £400,000 investment for solar panel farm
By Andrew Merrell | 7th June 2019
A family-run business in Gloucestershire has secured a £400,000 finance package to help it establish one of the biggest solar farms in the region.
Leeways Packaging Services Ltd , which produces 100 per cent recyclable plastic trays for UK food manufacturers, won the funding from HSBC UK to install the 130,680 square foot solar panel system.
The new panels, which sit next to the company's headquarters at Churcham and were fitted by Gloucestershire based specialists Mypower , are said to be able to generate up to 25 per cent of its power.
"We're passionate about sustainability and making sure the impact we have on the environment is as limited as possible, so the new solar panelling system is a huge landmark in achieving these goals.
"Our HSBC UK Relationship Manager, Mark Wilton, has been incredibly supportive of our business ambitions and the funding has given the business a huge boost," said Adam Walding, who together with his brother, Lee, runs the third-generation business, founded by their grandfather in 1971.
The company, which employs 130 staff across three sites, manufactures up to 500 million plastic trays every year, which are 100 per cent recyclable and made from over 85 per cent recycled materials.
As part of Leeways commitment to sustainability, the business also recycles all waste on site.
James Shepherd, head of corporate banking for HSBC UK in Gloucestershire, said: "Adam and Lee are incredibly passionate business owners and we're delighted to be supporting a family-run company which places so much value on sustainability.
"With our support, the new solar panels will not only boost the business's green credentials but will also enable it to drive down its day-to-day operating costs."
Click here to find out more about Leeways Packaging or call 01452 750487.
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