Circular 11 secures £2.4m funding round to commercialise plastic recycling technology.
The funding round includes investment from the South West Investment Fund, managed by The FSE Group.
Dorset-based Circular 11 has developed proprietary manufacturing technology to convert difficult-to-recycle plastic waste into composite lumber products as an alternative to traditional timber.
Circular 11 has secured £2.4m in a funding round featuring backing from the South West Investment Fund, managed by The FSE Group.
The Dorset-based firm has engineered manufacturing technology designed to process low-quality, difficult-to-recycle plastic waste into durable composite lumber products that serve as sustainable alternatives to traditional timber.
The capital will be deployed to bring the manufacturing technology to market and expand production capacity, supporting the firm's target to recycle roughly 10,000 tonnes of low-grade plastic over the next two years.
Investor perspective
"Circular 11 is addressing a clear challenge in the construction and materials market. The team has developed a compelling approach to turning difficult-to-recycle plastic into useful, long-life products, and this investment will help the business scale its operations and build on early commercial traction."
Matt Browning
Investment Manager, The FSE Group
Use of funds
- 01Continue product development
- 02Build out infrastructure
Investors
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About the company
Circular 11
Circular 11 turns difficult-to-recycle plastic waste into composite lumber products.