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23 December 2013

Stopford gets £1m boost from The North West Fund

Press Release 23rd December 2013

Process technology expert Stopford Projects Ltd has secured £1million of investment from The North West Fund for Energy & Environmental, which is managed by 350 Investment Partners.

The industry-leading process technology, energy and environment consultancy, with bases in Ellesmere Port and at Lancaster University's Environment Centre, will use the breakthrough investment to develop its business strategy in both the UK and overseas markets.

Stopford managing director Prith Rajendran said: "We are absolutely delighted to announce the £1million investment by The North West Fund, which will be used to support our cutting-edge development R&D activities across the process, energy and environmental sectors in the UK and overseas.

"The funding will also allow us to expand our business internationally and further develop our export consultancy services in the Middle East and China."

Michael Bakewell, investment director at 350 IP said: "This is a fantastic new investment for us and we are excited to be joining Stopford at such a pivotal time in the growth of the business. As a multidisciplinary consultancy, it is leading the sector in terms of environmental innovation and excellence.

"We are certain that this investment will help push the business further along its impressive trajectory and are very much looking forward to being a part of its global success."

Over the last 32 years, Stopford has grown a multi-national client base including major corporates, such as Shell, BP, Unilever, BASF and Tata, alongside other leading players like BAE Systems, Yorkshire Water and URENCO.

The company works on a broad range of R&D, process technology, multi-disciplinary engineering and knowledge transfer projects across the process, energy and environment sectors globally.

The investment has been awarded to Stopford by The North West Fund for Energy &
Environmental, which is financed jointly by the European Investment Bank and the European Regional Development Fund and managed by 350 Investment Partners.

350 Investment Partners LLP is one of Europe's leading co-investors in clean technology companies. In addition to managing The North West Fund for Energy & Environmental it also advises the Carbon Trust on its venture capital activities.

 

 


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