GPIF funded projects
Business : PRP Optoelectronics Funding amount : £ 1.1m Funding used for : Specialist capital equipment and growth into an additional building of 10,000 sq ft .
Business : Recycling Technologies Funding amount : £ 1m Funding used for : Speeding up the production of its RT7000 machines as well as stimulate innovation , growth and productivity gains .
Kevin Peart , Managing Director , said :
“ We are very excited for the future and with the support of SWLEP we can look forward to continued investment in product and employment growth .”
Adrian Griffiths , CEO , said :
“ We have a goal to triple Europe ’ s current plastic recycling capacity by 2027 through the provision of 10 million tonnes of urgently needed new waste plastic recycling capacity . We believe our manufacturing facility in Swindon will be capable of manufacturing 200 RT7000 machines a year to meet the growing demand for plastic recycling capacity in the UK , Europe and the rest of the world .”