Best International secured the final funding to start work on the land
Best International successfully acquired all funding needed to commence works on Anglesey’s power station project.
Cheshire based wealth asset management specialists, Best International are delighted to confirm they have secured the £22 million funding required to launch the project.
It means work will begin later in the year creating thousands of jobs in both the construction stages and beyond – with the second phase of funding already secured via the £2 billion investment into the project.
The project will be officially unveiled later today (Fri 29 Jan 2015) at the Orthios Eco Park in Anglesey with guest of honour MP Albert Owen.
Best International Co-Founder, Jeff Hankin said: “This marks a major step in the development of the project with work commencing later this year.
“The site will be transformed to provide a food and power business, where several core businesses are expected to form a profitable, environmentally friendly and industrial agricultural facility with a renewable energy power plant at the core.
“This also comes as positive news to investors, who have believed in the project and with the funding provisions, have enabled Orthios to get to build phase. What started as a relatively small project has now surpassed expectation to achieve funding on a much larger scale.
“Orthios continue to want to build a successful relationship with Best International, as we have been integral to the development of this project.”
Best International are the Knutsford based wealth asset management specialists who have been assisting on the funding strategy to rejuvenate the Orthios Eco Parks for the past 18 months.
It was announced in October that Best International had secured a £2 billion investment into the projects. They will develop energy and food stations within the Eco Parks – but their investment would only be made once the initial funding had been secured.
Best International have now secured the £22 million required to begin Phase 1. The funds were raised via Best Corporate Bonds in just 18 months.
The project, to transform the disused industrial sites at Anglesey into a 299-megawatt combined heat and power station will create thousands of jobs between the two projects.
With the additional funding now secured, an announcement on when work will begin is expected over the coming months.
The funding is a huge boost for Best International, further enhancing their status as UK leaders in capital raising, funding and asset management strategies for SMEs.
Jeff added: “We have built a reputation in the industry as experts in the corporate finance arena and this showcases our expertise in acquiring the desired funding. This year is already looking to be a busy, yet highly successful year and there are numerous new activities taking place.”
Best International assist organisations with innovative financing options to take their business or project to the next level.
Following a consultation period, Best International will then make a recommendation and propose a corporate finance strategy based on the requirements.
Best International is uniquely placed to provide benefits to both corporate and private clients, on delivering innovative corporate financing options to help grow businesses. Consumers (Investors and High-Net-Worth Individuals) are subsequently presented with the opportunity to invest in these propositions.
With the knowledge and experience of private clients’ expectations, these are tailored to the market and prove to be desirable to investors due to their limited availability and above market standard returns.
Albert Owen, MP, said: “Over the next few years, the Eco Park has the potential to be a catalyst in giving the local economy a much needed boost.
“I support Orthios and their pioneering project on the old Anglesey Aluminium site, which will produce energy and food with the potential to create sustainable jobs across the skills range.
“I have worked with Orthios, the previous site owners and Government at all levels to get to this stage and will continue to help facilitate between the company and local community.
“The company intends to liaise with businesses, training providers and schools in the area – the benefits of which will be seen in the local and regional economy as well as providing career opportunities.”
Orthios already has 20 full time members of staff, the majority of whom were former full time wokers at Anglesey Aluminium.
The Orthios Eco Park Anglesey Ltd details will be officially unveiled at a launch event on Friday January 29th from 13:00 until 16:00 at the Penrhos Works, Holyhead, Anglesey, LL65 2UJ.
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