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Yorkshire Business Revolutionizes Sustainability with UKEF-Backed Polymer Breakthrough

Yorkshire Business Revolutionizes Sustainability with UKEF-Backed Polymer Breakthrough

Rosehill Polymers, a market leader in sustainable polymer systems, has secured a funding package from Virgin Money and UKEF to support its management buyout and global growth. The funding will enable Rosehill to focus on the decarbonisation and modularisation of construction materials used in the rail and highways sectors, using recycled materials as a primary raw material. This expansion is expected to create new job opportunities and further strengthen Rosehill’s position as an innovative business in the infrastructure and energy markets.

In a recent development, Rosehill Polymers, a leading manufacturer of sustainable polymer systems, has received a funding package from Virgin Money and UKEF to facilitate its management buyout and international expansion. Since its establishment in 1988, Rosehill Polymers has been at the forefront of designing, developing, and manufacturing sustainable polymer systems at its facilities in West Yorkshire. The company caters to various industries, including offshore energy, highways, rail, and security, and exports its products to over 550 customers in 52 countries worldwide.

The funding package from Virgin Money, backed by UKEF, will support Rosehill Polymers in its growth strategy, allowing the company to continue its worldwide expansion and venture into new international markets. One of the key areas of focus for Rosehill will be the decarbonisation and modularisation of construction materials used in the rail and highways sectors. By expanding its design, development, and production of products using recycled materials as the primary raw material, Rosehill aims to contribute to a more sustainable and environmentally friendly infrastructure.

This strategic move towards sustainable construction materials is expected to create new highly skilled job opportunities across Rosehill’s production sites in West Yorkshire and its supply chain. By investing in the decarbonisation and modularisation of construction materials, Rosehill Polymers is not only aligning itself with global sustainability goals but also positioning itself as a pioneer in the industry.

The funding package includes a UKEF General Export Facility (GEF) loan guarantee, which covered 80% of the financing, enabling Virgin Money to complete the transaction. The GEF product is a government-supported scheme that helps UK export businesses access working capital facilities, improving cashflow and facilitating international trade growth.

Dr. Alexander Celik, the managing director of Rosehill Polymers Group, expressed his gratitude for the support and service received from Virgin Money. He emphasized that the funding package will enable Rosehill to pursue its growth strategy and develop sustainable solutions for the infrastructure and energy markets worldwide. This partnership with Virgin Money marks the beginning of a long and successful relationship.

Craig Wilson, head of FX Sales and Trade Finance at Virgin Money, commended Rosehill Polymers as an innovative business with a wide reach. He highlighted the collaboration between Virgin Money’s international trade finance specialists, business development colleagues, and UK Export Finance in delivering a bespoke and innovative banking package for Rosehill. Wilson emphasized Virgin Money’s commitment to providing businesses with access to key specialists who can add value at the right time.

Alissia Deane, UKEF Export Finance Manager for West Yorkshire, applauded the GEF guarantee for enabling Virgin Money to issue the funding package to Rosehill Polymers. She highlighted UKEF’s role in helping businesses nationwide win and deliver export contracts, offering free and impartial advice through its regional Export Finance Managers. The funding package is a testament to UKEF’s commitment to supporting the global growth of innovative businesses like Rosehill Polymers.

In conclusion, Rosehill Polymers’ partnership with Virgin Money and UKEF through the funding package marks a significant milestone in the company’s growth strategy. By focusing on the decarbonisation and modularisation of construction materials, Rosehill is poised to make a substantial impact on the sustainability of the rail and highways sectors. This move not only creates new job opportunities but also positions Rosehill as a leader in developing sustainable solutions for the infrastructure and energy markets worldwide.

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