Waste firm raises funds
Eco-park energised by bank’s backing
The project in Shotts, which will create 50 jobs, has been backed by more than £10 million from HSBC.
The family-owned business holds all NHS waste disposal contracts in Scotland, Yorkshire and Humberside, including most of the UK care homes sector.
Turnover came in last year at more than £17m and is expected to exceed £25m in the current trading year.
Garry Pettigrew, managing director (pictured), said: “We’re really proud to see the completion of our new site at Hassockrigg eco-park and to bring 50 jobs to the area.
“We take being energy efficient seriously and the new site will not only help us reduce our carbon footprint but turn what was wasted resource into energy. We’re always looking for new ways to expand and invest in our business and this was the perfect opportunity.”
The funding package from HSBC has been allocated from the bank’s £8 billion SME fund, with £400m designated to supporting Scottish firms.
Gavin Forsyth, relationship director for HSBC Corporate Banking in Scotland, said: “From day one, we were wholly impressed with the drive and industry expertise of Garry and the wider team.
“In what is still a tough trading environment for many of Scotland’s SMEs, we’re seeing companies like Healthcare Environmental use more innovative approaches to grow and invest in their business.”