£2.5m boost for plans to recycle plastic

The Halifax-based firm, which received the sum from green venture capital investor Foresight Group, aims to increase its current 4m turnover to 15m, in the next four years.

I-plas manufactures a wide range of products which are produced from waste plastic, including seats, benches and litter bins.

The company sells to sectors including the construction, industrial, equestrian and marine industries, as well as consumers directly.

Chief executive Grahame Hall said: "We've been at the forefront of mixed plastic recycling since our formation in 1999, with our success has being due to a unique waste processing technology, which we developed and continue to enhance.

"We'll use most of the Foresight money to invest in new equipment and expand our capacity, as the market grows and demand for our products increases."

Foresight, based in Kent, invests in environmental infrastructure in continental Europe and the UK.