A WASTE recycling business looks set to expand.
J & B Recycling, in Hartlepool, is to increase its recycling capacity and move into new markets following a new £1.9 million refinancing deal.
The business, which operates from two sites in the town, is looking to progress further into the handling of hazardous waste and liquids.
Its Baltic Street site already has additional licences to handle such substances but the firm is hoping to utilise this further by moving work from that site to its Thomlinson Road facility.
The business will be using some of the funding, which was sealed in an agreement with Santander Corporate and Commercial, to develop and expand.
Vikki Jackson-Smith, managing director of J & B Recycling, said she was delighted and excited about the plans for the firm’s future.
She told the Mail: “I’m really looking forward to the forthcoming developments.
“Our main aim is to divert as much waste as possible away from landfill sites, and to increase levels of recycling, and this will significantly remove the to-ing and fro-ing we currently do between sites and enable us to increase productivity.
“I’m also looking forward to exploring the opportunities with the licences held at the Baltic Street site.
“We plan to push our specialist hazardous and liquid waste expertise further now we have a much larger capacity.
“There’s a real opportunity for us there.”
She added: “I’ve been really impressed with the team at Santander, and the time they’ve taken to understand our business and vision for the future.”
Mark Dolphin, relationship director for Santander Corporate and Commercial, said: “J & B Recycling is an excellent example of a strong, well managed local business with the potential to significantly grow.
“They offer a great service, and have a real brand heritage across the North-East.
“We are delighted that they have chosen us as their new banking partner and look forward to building on our relationship in the years to come.”
In October 2011, J & B acquired land from Hartlepool Borough Council, adjacent to its Thomlinson Road operation.
This has now undergone extensive clearance and will soon provide room for expansion.
The business plans to develop the site over the next couple of years to increase waste handling efficiency.
J & B Recycling provides diverse and innovative solutions in waste collection, recovery and recycling to both the public and private sectors.
It currently provides services for more than 800 customers.
These include all five Tees Valley local authorities, Middlesbrough’s James Cook Hospital, Sage UK and Nifco UK – the current North East Business of the Year.