New Earth recycling fund announces high subscriptions

The New Earth Solutions Recycling Facilities Investment Sub-Fund, in aid of the UK waste management industry, has announced cumulative subscriptions exceeding £50m and cumulative share price growth of 27.8 per cent.

New Earth has developed waste management systems for both local authorities and commercial customers, maximising composting and recycling while minimising landfill without contribution from the public purse.

Since the summer of 2008 the open-ended investment company has progressed from having a single site to having four, with combined processing capacity of over 220,000 ton of waste per annum.

A fifth site at Avonmouth, near Bristol, providing another 200,000 ton per annum of capacity, is under construction and will become operational in April 2011.