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Bankers sign up to recycle

MATERIALS

A SCHEME to increase the production of recycled aggregate from construction and demolition waste has received a shot in the arm from financing banks.

Five more financial providers have signed up to the equip scheme, an initiative by recycling promotional group Wrap, doubling the total number to 10.

The scheme was set up last year to help aggregate producers lease recycling equipment by guaranteeing its future residual value.

Just four aggregate recycling firms have signed up to the scheme but Wrap aggregates capital project manager Steve Waite hopes to guarantee £40 million of plant assets through the scheme over the next four years.