Paper Plus Europe, a manufacturer of carbon-neutral paper in the UK, is set to grow globally after the Department for International Trade (DFIT) helped the company secure a £5.5m investment.
The investment will help Paper Plus expand its office in London and its presence in the UK market, create seven new jobs, and add to the more than half-a-million trees that have been saved in the last two years.
Paper Plus claims that its product saves three times more trees than normal recycled paper.
The company will use part of the funding for product development, which will tackle plastic waste caused by single-use plastic food packaging.
Its research and development operation will also benefit, which will help develop its biodegradable and compostable envoPAP food grade packaging.
Minister for Investment Graham Stuart said: “I am delighted that the Department for International Trade, through its international network, has been able to assist Paper Plus in landing this considerable new investment from India, which will have huge long-term environmental benefits both in the UK and abroad.
“As an international economic department, we are committed to helping UK companies with trailblazing green ideas to locate the investment they need to reach the next level, creating jobs and prosperity across the country, and helping to ensure we leave our environment in a better state than we inherited it.”
Paper Plus director Kaushal Shah said: “We at Paper Plus believe in making sustainability the new normal for consumers in the UK and over the world.
“The expertise and advice of DIT have been a significant accelerator for our business.
“The professional knowledge of our DIT advisors is phenomenal and it enhances the credibility of the UK as an excellent place to do business.”
Earlier, the minister met representatives and experts from companies and industry at the Advanced Engineering 2018 trade show in Birmingham.
Over 600 suppliers and thousands of visitors participated in Advanced Engineering, one of the biggest trade shows of its kind in Europe.
The UK Pavilion of the Department for International Trade, which housed more than 18 companies, showcased expertise across the advanced engineering technical spectrum.