Northstar Ventures invests £1.2m in Re Pet

The money will enable Re Pet to buy an extrusion machine and equipment for its plastic production plant in Houghton-le-Spring. As result, it will reduce costs for customers and create between 12 and 25 jobs, as well as help the environment.

The investment comes from the North East Accelerator Fund and the Waste & Resources Action Programme’s Accelerating Growth Fund, investing alongside management. The Finance for Business North East Accelerator fund is managed by Northstar Ventures and backed by the European Investment Bank, the European Regional Development Fund and One North East.

 

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