Waste project launched in Northern Ireland

03/07/2014

Working with its fund manager Foresight Group (Foresight), GIB has today announced investment into two projects to construct anaerobic digestion plants on farms in Northern Ireland.

These are expected to be the first of several, similar projects in the region. The projects, in Cookstown, County Tyrone and Banbridge, County Down, will be used by local livestock farmers and have been developed alongside their advisors, KPMG.

Shaun Kingsbury, Chief Executive, UK Green Investment Bank, said: “Today’s announcement is a textbook example of the types of project we should be seeing all across the UK. It’s economically important, injecting £6.5m into the rural economy in Northern Ireland and generating 22 new jobs. It’s green, turning farm waste into renewable energy and fertiliser. And it’s good for the local farming community, earning and saving them money.

“Northern Ireland has taken a real lead in this fast-emerging technology, so we were delighted to help get these new projects moving and stand ready to back other community-based, green projects like them across the UK.”