Huntingdon-based coffee recycling and bio fuel producer bio-bean has been awarded a £40,000 grant by the Cambridgeshire and Peterborough Combined Authority.
The grant, which is part of the Agri-Tech Growth Fund, will contribute towards recruitment and the purchasing of essential equipment to increase capacity and further improve the quality of bio-bean’s products.
bio-bean is an award-winning clean technology company that has industrialised the process of recycling spent coffee grounds into advanced biofuels and biochemicals. It manufactures a range of products from waste coffee grounds, which promise to save businesses money, reduce greenhouse gas emissions, and displace conventional fossil fuels.
The Agri-Tech Growth Fund is part of the Eastern Agri-Tech Growth Initiative. The Initiative is run by the Cambridgeshire and Peterborough Combined Authority with support from New Anglia LEP, Norfolk County Council, Cambridgeshire County Council, and the local authorities within the LEP areas.
Cambridgeshire and Peterborough Combined Authority Agri-Tech Programme Manager, Martin Lutman, said: “The recycling of spent coffee grounds into advanced biofuels and biochemical is the type of project the Agri-Tech Grants Programme was set up to support. This investment will not only create jobs but will also provide environmental benefits by helping to reduce greenhouse gas emissions.”
Peter Griffiths, Chief Financial Officer at bio-bean, said: “Being awarded this grant is a brilliant feat for bio-bean. It will help us roll out an efficient and sustainable manufacturing process, as well as ensuring the highest quality products for our growing customer base.”
The Eastern Agri-Tech Growth Initiative is run by the Cambridgeshire and Peterborough Combined Authority with support from New Anglia LEP, Norfolk County Council, Cambridgeshire County Council, and the local authorities covering this area.
Grants are available to organisations looking to invest in specialist equipment, new market and supply chain development, ways to improve productivity and efficiency, and the application and commercialisation of Research and Development.
To find out how the Eastern Agri-Tech Growth Initiative could help to grow your business, call Programme Manager, Martin Lutman, on 01480 277180, or email firstname.lastname@example.org.