Blockwalls, a company which specialises in the manufacture and supply of eco-friendly concrete blocks, has secured £500,000 from a North West fund for energy and environmental projects.
The Wirral-based company manufactures interlocking concrete ‘Blockwalls’ made from 87 per cent recycled waste materials.
The blocks can be used for a variety of purposes such as flood and land defences, bulk storage, railway infrastructure and in sectors such as construction and civil engineering.
The resource efficient geopolymer concrete mix used by Blockwalls has cut the cost of production by 30 per cent and saves 202kg of CO2 per block compared to regular concrete production.
The reduced environmental impact is particularly important given that global demand for concrete is the second largest of any commodity after water, and that CO2 emissions from concrete production currently amount to some 7 per cent of global emissions.
The £500,000 investment has been secured from The North West Fund for Energy & Environmental, a £20 million fund managed by 350 Investment Partners and financed by the European Regional Development Fund (ERDF) and European Investment Bank (EIB) to support eligible SMEs.
The funding will be used by Blockwalls to provide growth capital to help strengthen its sales team and manufacturing capabilities. The company hopes to create up to 20 new jobs over the next three years.
Bob Evans, managing director of Blockwalls, said: “We are delighted to receive this significant investment from The North West Fund for Energy & Environmental.
“We have spent a great deal of time creating a cost effective, eco-friendly solution to concrete blocks that will lower CO2 levels whilst also being economically beneficial to our customers and contributing to the circular economy. This investment will allow us to strengthen our North West team as well as identify other market opportunities in other sectors.”
Adam Workman, partner at 350 Investment Partners, added: “Blockwalls is a pioneering product that has the proven capability to lower the carbon footprint compared to existing concrete products and we look forward to supporting the business as it continues on its journey towards growth.”
For further information about The North West Fund for Energy & Environmental, click here.