N+P can announce the successful securing of a £30.6 million bilateral financing package from NatWest, including a £5 million facility from Lombard for the Crayford Materials Recycling Facility (MRF), one of Europe's largest recycling plants. This significant transaction supports the refinancing of existing facilities and underpins a new phase of strategic development at the Crayford site, reinforcing its position at the forefront of sustainable waste management and resource recovery.
The funds will facilitate an extensive capital expenditure programme that includes capacity expansion, infrastructure upgrades, and the adoption of advanced AI-enabled and robotic sorting technologies. These enhancements are designed to improve operational efficiency, increase processing capacity, and enhance the facility’s critical role in the South East’s waste management infrastructure.
N+P Crayford MRF is a key part of the N+P Group, a leader in transforming waste into sustainable resources, reducing reliance on landfilling, and upgrading materials into alternatives for fossil-based commodities. The Group’s commitment to the circular economy and carbon reduction continues to drive innovation and environmental responsibility across its operations.
The partnership with NatWest reflects a five-year structured financing arrangement featuring a performance-linked margin grid, underscoring the bank’s confidence in Crayford’s growth trajectory and long-term value. NatWest is also providing operational support through clearing services and maintaining headroom for future needs such as FX, IRM, and bonds.
“NatWest’s support has been instrumental in helping us scale the Crayford site and invest in cutting-edge technologies. Their understanding of our sector and long-term vision made the process seamless and genuinely collaborative.”
- Peter Lam - Group Financial Director at N+P Group
In addition to this financing, N+P is pleased to confirm three strategic investments across its Crayford and Teesside sites, aimed at further strengthening operational resilience, safety, and performance:
Crayford Mini-MRF upgrade: Crayford’s Mini-MRF facility will undergo a transformation with state-of-the-art optical sorting technology. This will improve separation efficiency, reduce residual waste volumes, and enhance recovery rates through additional recyclable commodities being recovered. Construction is set to commence this week, with operations anticipated to begin in early April 2026.
Crayford Main MRF automation: A major upgrade of the main plant’s sorting process is scheduled for completion by September 2026. This project will automate the mixed paper sorting line, reducing manual handling, enhancing output quality, and increasing operational safety, all while providing greater flexibility for material stream optimization.
Teesside Plant optimization: Additionally, at the Teesside site, N+P is pleased to confirm an upcoming upgrade scheduled for completion by September 2026. This project includes the installation of a dedicated processing line for the fines stream, increasing recovery of ferrous and non-ferrous metals. As a result, throughput capacity will rise from 33 to 38 tonnes per hour. From an operational perspective, these investments will significantly improve fuel quality and consistency and foster a safe working environment.
Following the successful upgrade of the Plastic Plant in Crayford last year, these projects underline N+P’s ongoing commitment to innovation, sustainability, and operational excellence in creating new perspectives for waste.