Taking advantage of ways to grow a waste business

Currently the waste management and recycling sector is strong worth over 8bn and its growing. We all know that UK businesses and householders are increasingly aware of waste and seek to send as little to landfill as possible be that by recycling or recovering energy from waste.

Meanwhile the sector isnt seeing the same drastic level of government cuts as some other areas. This means that now really is the time to seize the opportunity to grow your business. In fact, if you have the right ideas, there is even new investment coming on stream. Yorkshires CO2Sense recently announced 3m of loans and WRAP announced 4m in the West Midlands with further assistance expected.

Coupled with the fact that EU Directives are driving ever higher recovery targets for things like Waste Electrical and Electronic Equipment (WEEE) and End-of-Life Vehicles (ELV), this means the industry is set for further rapid growth. More sophisticated technology is needed to sort and recover more material than ever before, and that inevitably spells expansion.

Consolidation

There are a number of big recycling and waste management companies but there are many more small to medium sized businesses making up the majority of the market. While we have already seen some consolidation and opportunities to grow market share, this is set to increase in the coming years as the industry further matures.

Competition for WRAP assistance will be fierce and much of it will be allocated within weeks of details being announced meaning there is only a small window of opportunity to really make the most of thehelp thats available.

As more and more success stories emerge, confidence in the whole market is growing despite broadly difficult economic times. Recent research even showed that 70% of waste management companies expect their business to grow in 2011. The entire sector, be it waste-to-energy, wind and solar power or waste recycling is becoming a preferred market for investment for banks, venture capitalists and private equity funders.

The assistance available can provide a boost to anyone looking to grow a business so now couldnt be a better time to put a strategy in place. With thorough and objective research you can get it right. And with the right support and guidance you can make sure that you have the best chance of securing any available assistance to help to grow your business.

In particular if you are looking to sell the business in the next five years, you need to start putting that strategy in place now to ensure there is sufficient time to build the business to a point which will achieve a premium exit in the future.

If youre serious about growing your business, take action now. Get advice and plan your strategy. Make sure you take the opportunity to grow your business with any available assistance in this rapidly expanding sector, and quickly before your competitors beat you to it. This could be your chance to profit from the sectors rapid growth.