NatWest has strengthened its longstanding partnership with N+P Crayford Materials Recycling Facility Ltd through a £30.6million bilateral financing package, including a £5 million facility from Lombard. This funding will enable the UK’s largest mixed recycling facility to invest in advanced automation, boost processing capacity and continue supporting the South East’s essential waste management infrastructure.

Founded in 2003, N+P Crayford MRF is one of the UK’s largest mixed‑recycling facilities, strategically positioned to serve a region with rapidly growing demand for high‑quality materials recovery. 

The site is part of the wider N+P Group, who are specialized in repurposing waste into sustainable resources, reducing the necessity for landfill materials, and instead upgrading them into high-quality alternatives for fossil-based commodities. N+P’s core activities and developments are heavily focused on circularity and the reduction of CO₂ emissions. 

N+P Crayford sought to refinance its existing finance into a new £30.6m total Debt Funding Package enabling the Company to accelerate its next phase of growth in order to;

Facilitate a capex programme at the Crayford site, including:

• Expanded recycling capacity
• Efficiency driven infrastructure upgrades
• Deployment of AI enabled and robotic sorting technologies

These investments are critical to managing rising volumes of recyclable materials and ensuring Crayford remains a cornerstone asset within the UK’s circular economy ecosystem.

Structured with a five‑year tenor and performance‑linked margin grid, the facilities reflect NatWest’s confidence in N+P Crayford’s trajectory and long‑term value.

The transaction showcased seamless cross‑bank collaboration, with teams across the NatWest Group. NatWest also supports Crayford through clearing operations and headroom for future ancillary needs such as FX, IRM and bonds.

Through a blend of structured lending and relationship‑driven approach, NatWest has enabled N+P Crayford to accelerate strategic investment and strengthen its market‑leading position.

“NatWest’s support has been instrumental in helping us scale the Crayford site and invest in cutting‑edge technologies. Their understanding of our sector and long‑term vision made the process seamless and genuinely collaborative.” Peter Lam, Group Financial Director, N+P Crayford MRF Ltd.

“We’re delighted to support N+P Crayford’s expansion — their focus on innovation and sustainability aligns perfectly with our ambition to back businesses building a greener future.” Chris Lewis, Structured Finance Director, NatWest

“We very much value the long-standing Relationship we have with all the team at N+P Crayford and together we look forward to supporting the Group’s strategic growth vision for many more years to come.” Steve Murray, Relationship Director, NatWest

This transaction demonstrates NatWest’s ongoing commitment to supporting businesses that create environmental value at scale. With a strengthened funding platform and a long‑term banking partner, N+P Crayford is now positioned to accelerate growth, advance pioneering technologies and continue playing a central role in the UK’s transition toward a more circular economy.

Image credit: N+P