Funding backs research into recycled compounds for cars
Funding from local authorities has enabled UK recycler Luxus to embark on a three year project that will enable R&D into recycled compounds for the automotive industry. The funding has come from East Lindsey District Council's Rural Development Fund, and will see 14 skilled posts created: 10 machine operators, two polymer technicians and two polymer technologists all working at its Louth-based business, situated on the Fairfield Industrial Estate.
The Council's Portfolio Holder for Economic Development, Councillor Craig Leyland, said: “We are pleased to be able to support Luxus in what will be a cutting edge project creating at least 14 jobs over three years.
“This is what the Rural Development Fund is all about - supporting local businesses, enabling them to survive and expand and creating jobs in our community.”
Peter Atterby, Managing Director at Luxus added: “We are pleased to achieve grant funding to support the future development of our technical plastics recycling business and therefore the local community through future job creation.
“In making this decision the East Lindsey District Council has recognised the importance of local, well established manufacturers and the contribution they can make to its future economic plans.”
The funding has also acted as a catalyst attracting a further £134,925 of funding for the project.