A family-owned manufacturing business in Stafford has invested in solar panels to increase the amount of renewable energy it uses – as demand for its utility vehicles and construction equipment grows.
Bri-Stor Group, whose clients include AA, RAC and JCB, has installed nearly 2,000 solar panels on its 33-acre site in Hixon, thanks to a £350,000 loan provided through the initiative Lloyds Bank Clean Growth Funding.
The new panels cover more than 3,500 square feet, helping the company reduce its carbon footprint by 300 pounds each year, the equivalent of driving more than 1,300 miles.
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Andrew Humphries, Bri-Stor Group Director, said: “We are committed to being a responsible business and sustainability is extremely important to us. Installing solar panels is an important step on our journey to becoming more environmentally friendly. long-term benefits for us in terms of the cost of our energy bills as well.”
The Bri-Stor Group is made up of four different branches: Bri-Stor Systems, Alpha Manufacturing, Atlas Coating and Bri-Stor Holdings.
The energy produced will be used to meet growing demand for its range of services, which includes the design and manufacture of commercial and construction vehicles, as well as equipment for the medical and food service industries.
The solar panels are also part of the company’s green growth ambition. It is set to open a new location in the region later this year and plans to grow its team to around 400 employees.
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Lloyds Bank’s Clean Growth Finance Initiative provides discounted finance to help businesses transition to a lower carbon and more sustainable future, which is a key priority for the manufacturing sector.
Last year, Lloyds increased the funding available under the initiative from £3 billion to £5 billion to support businesses in their transition to a low-carbon economy.
Nash Lal, Relationship Manager at Lloyds Bank, said: “It’s really encouraging to see the Bri-Stor Group investing in greener energy at their site. This will make a big difference in terms of reducing carbon emissions and demonstrates how important this is for businesses. of all sizes to play their part in the green recovery of the country.
“It’s an exciting time for the business, with plans for a new site also in the works, and it’s great to see that sustainability will remain at the heart of their growth. We will stand by them as they continue their journey to a greener future.”