New Earth’s recycling fund generates more than 20 per cent returns since launch

21 July 2010

Waste treatment and renewable energy business New Earth Solutions Group said its investment fund has delivered a return of 23.5 per cent since it was launched two years ago.

The New Earth Solutions Recycling Facilities Investment Sub-Fund, launched by The Premier Group to invest in UK-based New Earth’s projects and company has attracted a steady stream of investment since its launch, its development director told NewNet.

Peter Mills said it has a net asset value approaching £40m.

‘The fund is targeted at smaller investors and has been running consistently from the start with between £1m and £2m of receipts every month,’ Mills said.

‘We have seen a lot of people who committed early on, saw the good performance and have since committed more.’

New Earth designs, builds, finances and operates waste treatment facilities as well as producing low-carbon renewable energy using waste-derived fuels.

It said government and European Union commitments to reduce the UK’s reliance on landfill have provided attractive financial drivers and a strong legislative foundation on which the business can grow.

‘There aren’t many businesses of our size in the marketplace that are not publicly listed where people can have a direct investment in the projects rather than just buying company shares,’ Mills said.

New Earth has three sites in operation and two more in construction, which the company said are due to be opened over the next ten months.

The fund is open to qualifying investors and is listed on the Channel Islands Stocks Exchange.

The predominantly UK-based fund is now also attracting global investors, Mills said.

‘There are international investors coming in and over the past month or so the fund has started trading in both euros and dollars to insist those international investors taking part in the fund,’ he said.

Copyright © 2010 NewNet

Tags: fund, investment, recycling

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