Blaydon-based Holystone Civil Engineering Ltd has secured the finance package from Lloyds to purchase ‘eco-friendly’ equipment.
The new machinery, a wash plant and water treatment system, will improve energy efficiency and reduce carbon emissions, according to the firm.
This will allow the firm, which works with major developers including Persimmon, Story Homes, and Bellway, to recycle more construction site material.
Currently, only 20 to 30 per cent of waste is reused, but the new system is capable of reclaiming up to 90 per cent of non-reactive materials, such as sand and gravel, from site-clearance waste.
These recovered materials will form new product lines for the business, serving as aggregates for use in future projects.
The new equipment has enabled Holystone to create a spin-off business focused on sustainable material recovery and reuse in construction, dubbed Holystone Waste & Reclamation Solutions Ltd.
The venture is expected to ‘enhance competitiveness’ by reducing third-party disposal costs and generating new revenue from the sale of recycled aggregates.
John Turnbull, relationship manager at Lloyds, said: “Holystone is a brilliant example of a business that’s embraced change, spotting an opportunity to operate more sustainably and making the kind of investment that supports both the environment and their growth.
“It has taken a practical, hands-on approach to tackling waste and found a way to turn it into something valuable.
“It’s great to see the business expand and create new jobs to support the regional economy, especially in line with plans to continue expanding in the year ahead.
“We’re proud to have supported them on this journey.”
“What used to be waste is now something we can clean up, reuse and even sell – it’s saving us money, helping the planet, and opening up a whole new revenue stream.
“The backing from Lloyds has been a huge part of making that happen.”
