Notice – This funding award was made during the previous iteration of the Small Business Grants Competition which ran from 2016 to 2019. The format has since changed and monthly grant winners are now selected from members of the Small Business Pro community. See here for more details: The Small Business Grants initiative
The winner of the Small Business Grants competition for August 2018 is Purely Disposables, a Gwent-based eco-friendly packaging business.
The company is focused on replacing single use plastic by supplying products that are 100 per cent compostable and made from plant waste generated by the food industry.
Starting with 20 products, Purely Disposables now has more than 150 products that are made from plant waste and can be returned to the earth to grow more plants.
Managing director Charles Richardson says the company has grown so fast that it has outgrown its ability to invest in the business.
Allowing investment in new products
‘We have a number of new products coming into the market that we are unable to fund, as future income will be needed for the research program we are working on with Cardiff University,’ he explains.
‘[The £5,000 grant] will allow us to invest in new products without compromising our ability to fund our research, and add a projected £17,000 extra turnover for the business which will help to provide a more secure short term for the company.’
The Small Business Grants judges were impressed by the company’s innovation and commitment to sustainability.
Patrick Margetson-Rushmore, chief executive of Luxaviation UK says, ‘Purely Disposables is doing something groundbreaking in trying to produce a multinational sustainable packaging solution and it is essential that big businesses get behind sustainable solutions such as this.’
Our Small Business Grants scheme is sponsored by Worldpay, Salesforce, Opus Energy and Yell Business and Frontierpay. These partners are specialists in the small business sector and are focused on offering products and services tailored for SMEs.