Bright Green Plastics secures £6million funding facility

Bibby Financial Services (BFS), an independent SME funder, has provided a £6million funding facility to Bright Green Plastics.

Chris Farnworth and Danny Monksfield, of Bibby Financial Services’ Corporate team, were able to swiftly structure a £6m funding facility to provide the business with the flexible working capital it needed to support the company’s ambitious growth goals.

Steve Spencer, Director, Bright Green Plastics Ltd, said: “The new funding from BFS will provide the business with the working capital needed to continue with our expansion into Europe. We were impressed by the level of flexibility that BFS were able to offer, particularly in the current climate. We’re very happy to partner with the team as we take the business into the next phase of growth.”

Chris Farnworth, Corporate Manager, Bibby Financial Services, added: “We were delighted to be able to structure a deal that offers the business a flexible funding solution – enabling the company to extend their offering into new markets and achieve their exciting growth ambitions. The deal was completed at the height of the pandemic, which is testament to the team at BFS and our continued commitment to supporting SMEs”.