Impact Recycling Secures £3.3m Investment for Polymer Recycling Technology
Deal News | Jun 10, 2025 | UK Tech Funding
Scottish climate tech company Impact Recycling has successfully secured £3.3 million in funding to enhance its innovative polymer recycling technology. Founded in 2014, Impact Recycling has developed the Baffled Oscillation Separation System (BOSS), a proprietary water-based density separation technology, designed for recovering high-purity recycled polymers from consumer waste. The company operates two main plants in Glasgow and Peterlee. Glasgow specializes in recycling medical plastic waste from the NHS, while Peterlee focuses on flexible film packaging recycling. This latest financial injection comes as a follow-on investment from IW Capital and underscores the company’s position in the market, supported by global partners and a growing licensing model. Alan Armstrong, chairman of IW Capital, emphasized the significance of Impact Recycling as it drives the future of sustainable materials amidst rapid market changes. In addition to this funding, the firm also secured grant funding from Innovate UK and a £7 million loan from Nestlé in 2023.
Sectors
- Climate Tech
- Recycling and Waste Management
Geography
- United Kingdom – Impact Recycling is a Scottish company operating within the UK's climate tech and recycling industries.
Industry
- Climate Tech – Impact Recycling operates within the climate tech industry by developing technology that manages waste and supports environmental sustainability.
- Recycling and Waste Management – The company focuses on recycling consumer waste into reusable polymers, contributing to the global efforts in waste management.
Financials
- £3.3 million – The investment amount secured by Impact Recycling in the latest funding round.
- £7 million – The loan amount provided by Nestlé to Impact Recycling in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Impact Recycling | Target company | Company | A Scottish climate tech company specializing in polymer recycling technology. |
| IW Capital | Investor | Company | A private equity firm that provided follow-on investment to Impact Recycling. |
| David Walsh | Chief Executive of Impact Recycling | Person | CEO leading Impact Recycling’s expansion through technological advancements. |
| Alan Armstrong | Chairman and Head of Investment at IW Capital | Person | Chairman of the private equity firm that invested in Impact Recycling. |
| Innovate UK | Grant provider | Government | Provided grant funding to support Impact Recycling’s technological developments. |
| Nestlé | Lender | Company | Provided a £7 million loan to Impact Recycling in 2023. |