It’s always encouraging to hear good news in the media but this week we especially welcome the latest forecast from the Office of National Statistics. Even in these difficult economic times they predict that the waste management industry will see growth of up to 3.1% in 2013-14.
Combine this with recent figures from Grant Thornton UK LLP which revealed a 60% increase in corporate financing deals in the waste and recycling sectors, and it certainly looks like our industry is on the up. And with UK manufacturing production in overall decline the figures are something we should celebrate and be proud of.
Speaking on the news, deputy chief executive of CIWM, Chris Murphy said: ‘These figures confirm what we have suspected for a long time; the waste sector is of growing importance and influence.
‘It is capable of providing jobs, economic growth and environmental benefits and further financial investment will not only assist the waste industry, but the UK as a whole.’
At Riverside we’re pleased to report that we too are experiencing a period of growth and expansion. This is due in part to customers reaping the benefits of the flexibility of either buying a waste baler outright or protecting cash flow and opting for a fully maintained rental package. Either way, with the revenue which is achieved from baled waste, it’s evident that more and more companies are becoming increasingly savvy as to the return on investment that a relatively small piece of kit can realise.
It’s good to know we can make a difference, and at a time when many other sectors are still struggling it’s fantastic to be part of an industry which is maintaining growth and contributing to the national economy.
