Member Article

Wirral-based manufacturer secures £500k funding

A North West company which specialises in the manufacture and supply of eco-friendly concrete blocks has secured £500k from The North West Fund for Energy & Environmental, managed by 350 Investment Partners.

Virtus Projects, which is based in Bromborough, Wirral,manufactures interlocking blocks made from 87 per cent recycled waste materials, it uses the brand name ‘Blockwalls’.

The blocks can be used for a variety of purposes such as flood and land defences, bulk storage, railway infrastructure and in sectors such as construction, civil engineering, environmental and infrastructure.

The funding will be used by Virtus Projects to provide growth capital to help strengthen the sales team and manufacturing capabilities of the company, whilst researching expansion to the structural market.

The company is hoping to create up to 20 jobs over the next three years.

Managing director of Virtus Projects, Bob Evans, said: “We are delighted to receive this significant investment from The North West Fund for Energy & Environmental.

“We have spent a great deal of time creating a cost effective, eco-friendly solution to concrete blocks that will lower C02 levels whilst also being economically beneficial to our customers and contributing to the circular economy.

“This investment will allow us to strengthen our North West team as well as identify other market opportunities in other sectors.”

Partner at 350 Investment Partners, Adam Workman, said: “Blockwalls is a pioneering product that has the proven capability to lower the carbon footprint compared to existing concrete products and we look forward to supporting the business as it continues on its journey towards growth.”

This was posted in Bdaily's Members' News section by Sophia Taha .