New Earth Solutions Group Limited , a UK waste treatment and renewable energy company, has received a £4m investment from Carbon Trust Investments Limited.
Following this investment, New Earth has completed the second closing in its ongoing £15m equity fundraising announced in August 2009, raising £9m to date. This follows a £5m investment in September 2009 by AIM-listed cleantech investment company Ludgate Environmental Fund Limited.
The company currently has three operational sites in Dorset, Kent and Gloucestershire and has secured planning consent for three additional locations. The new funds will principally be used to finance project development costs and potential acquisitions.