A Queens Award-winning laundry efficiency specialist who helps companies implement more environmentally friendly washing systems is expanding after securing £120,000 in funding. Clear Three, based in Ranton Park, Cannock, has secured funding from the Community Investment Enterprise Facility (CIEF) managed by BCRS Business Loans and supported by the Coronavirus Business Interruption Loan Scheme (CBILS)
The funding will allow Clear Three to continue to innovate, strengthen and expand its advisory services and seek to diversify its technology into new markets.
Established in 2017, Clear Three encourages business owners to reduce waste, pollution, and excessive use of natural resources through a mix of advisory support and environmentally friendly wash systems. Clear Three is the parent company of The Efficiency Group, which includes Laundry Efficiency and other industry-specific areas such as Farming Efficiency.
In 2021, Clear Three received the Queens Award for Enterprise: Sustainable Development for its outstanding commitment to addressing environmental issues within the laundry supply chain.
Clear Three CEO Colin Oakley said: “After securing funding from BCRS, we will be able to use the fund to recruit two additional people and secure the future of six existing staff. “The investment fund will allow us not only to recruit additional positions, but also to diversify into new markets and continue to develop new products.
“The loan application process with BCRS was very simple and straightforward. Tracy from BCRS came to meet us, toured the plant and is always on the other end of the line if we have any questions.
Tracy Sherratt, Senior Business Development Manager at BCRS Business Loans, said, “We are delighted to have provided the financing that Clear Three needs through the CIEF loan fund to realize its growth plans. intentional social and economic impact, it’s great news that additional jobs are being created by Clear Three.
The Coronavirus Business Interruption Loan Scheme (CBILS) was operated by the British Business Bank on behalf of and with the financial support of the Secretary of State for Business, Energy and Industrial Strategy (BEIS). The program ended on March 31 and was replaced by the Recovery Loan Scheme.
Businesses in the West Midlands region struggling to access funding from traditional lenders can secure loans of £10,000 to £150,000 from BCRS Business Loans to support growth and recovery plans. BCRS is a delivery partner for the Recovery Loan Scheme (RLS).
Visit www.bcrs.org.uk to find out more or submit an initial application.