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30 October 2014

Stopford strengthens Board and looks to international growth following investment

“This is a fantastic investment for us and we are excited to be joining Stopford at such a pivotal time in the growth of the business."

Stopford

Process technology expert Stopford Projects Ltd has appointed a new Chair to support the strategic direction of the Board and help to structure the business for growth. 

The industry-leading process technology, energy and environment consultancy, with bases in Ellesmere Port and at Lancaster University's Environment Centre, secured £1 million of investment from The North West Fund for Energy & Environmental, which is managed by 350 Investment Partners.

The investment, which was made in 2013, is being used to develop Stopford's business strategy in the UK and overseas markets, allowing the company to realise its growth ambitions. Key to this has been the appointment of the company's new Chair, Clare Hildred who is currently working closely with the Board.

With over 20 years' experience working at Board level in a range of high growth organisations, Clare has specialised in building and delivering business strategy. With a focus on change management Clare has provided strategy implementation support in early
stage business units both with blue chip organisations and independent start-ups.

Clare said: "I was very pleased to be approached by Stopford earlier this year. The company is already growing well and has huge potential for the future. I'm looking forward to working with the team as we drive some of their innovative growth ideas forward and transfer them into successful commercialisation."

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.

Stopford managing director Prith Rajendran said: "We are absolutely delighted to welcome Clare to the team. With her support, we already have some exciting plans in place for the future and we're all looking forward to working together as the company continues to grow.

"Receiving the £1 million investment from The North West Fund has been key to our growth plans. The finance is being used to support our cutting-edge development R&D activities across the North West, the UK and overseas.

"We met The North West Fund at a breakfast meeting hosted by Lancaster University. Stopford was seeking investment to support its innovation activities and also to facilitate the growth of the business in the Middle East and Asia Pacific. The timing of the meeting was very opportune - we were certainly in the right place, at the right time."

Michael Bakewell, investment director at 350 IP, which manages The North West Fund for Energy & Environmental, said: "This is a fantastic investment for us and we are excited to be joining Stopford at such a pivotal time in the growth of the business.

"Stopford operates its own in house R&D division and also has strong partnerships with a number of leading North West Higher Education Institutions to execute technology development programmes. For example, Stopford's Innovation team is leading the development of a number of novel process technologies in the greentech sector.

"With a 32 year history Stopford has experienced significant change within the sectors it serves, which is reflective of the expertise and capabilities that the team delivers today. We are certain that this investment will help push the business even further along its impressive trajectory and we look forward to supporting the company in its continued global success."

 

For more information about how you may be able to access funding for your energy and environmental business please visit http://www.thenorthwestfund.co.uk/funds/energy-environmental






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