Local Huntingdonshire business, Bio-bean, the coffee recycling, bio-based materials, and Coffee Logs producer based in Alconbury Weald, has been awarded a grant by Huntingdonshire District Council (HDC) to support the further growth of their business.
The grant, worth £50,000, is part of the council’s Growth Grant Scheme, which opened in November 2021 to sole traders, micro and SMEs from any industry sector, to support businesses operating in and from Huntingdonshire to scale and grow.
Executive Leader of the Council, Cllr Ryan Fuller, recently visited Bio-bean to hear about their ambitious plans for the future and how their innovative work is supporting local opportunities and skills.
This visit was a follow up to the manufacturing roundtable HDC held in partnership with Make UK last year to discuss the future of manufacturing in the district.
The event, which brought together a number of local business leaders to share learning and forge collaboration, heard from speakers including Jonathan Djanogly MP, Cllr Fuller, Matt Margereson, Chief Operating Officer of Hotel Chocolat, and the Chief Engineer of Anglian Water Services.
Executive Leader of the Council, Cllr Ryan Fuller, said: "Bio-bean is a clear example of some of the exciting, innovative work taking place in businesses throughout the district. Building on last year's roundtable, this visit was a great opportunity to hear more about Bio-bea'’s ambitions for the future. Local businesses like this are key to a thriving local economy, boosting the job market, and driving a strong recovery across Huntingdonshire.
"As a council, we are committed to supporting our local businesses to succeed, and the Growth Grant Scheme, which will see £1 million awarded to local businesses, is one very tangible way that we are doing this."
Chief Operating Officer of Bio-bean, Peter Giffiths, said: "Being awarded this grant has given our business a huge boost as it will enable us to invest in new sieving technology. This will enhance our ability to manufacture our latest product - Inficaf which is a bio-based material with a range of uses across the plastics, abrasives and cosmetics sectors and will also improve the working environment in our production plant. We are extremely grateful for the support that's been shown to business by our local authority."
For further information on the support and guidance available for local businesses, contact the Economic Development team.