Venture capital firm Foresight has invested £5 million in Yorkshire-based Land Energy, a producer of wood pellets, £6 million in AWP Environmental, a company that is looking to reduce the amount of potentially dangerous industrial waste, and £3 million in recycling specialist Lynwood.

Venture capital firm Foresight has invested £5 million in Yorkshire-based Land Energy, a producer of wood pellets, £6 million in AWP Environmental, a company that is looking to reduce the amount of potentially dangerous industrial waste, and £3 million in recycling specialist Lynwood.

The funds invested in Land Energy are to support the development of wood pellet production plants. Each plant will source wood from local forests and produce pellets for local use, delivering renewable wood fuel in the form of wood pellets to schools, homes and offices in the area to help them lower their carbon impact.

AWP Environmental will use its funds to convert waste materials into renewable electricity using an advanced gasification technology to avoid harmful emissions. The development of the new plant in Tockwith, Yorkshire, will cost approximately £18 million and will supply enough electricity to power around 6,000 homes.

Completing the trio of new investments is Lynwood, a company that collects off-cuts and waste materials from manufacturers of a variety of plastic products and remoulds this material into useful goods. The new cash injection should enable the company to more than double production capacity and fund its expansion across the UK.