LWARB appoints Foresight Group waste expert to Investment Committee

The London Waste and Recycling Board (LWARB) has bolstered its investment committee with the appointment of Nigel Aitchison, industrial partner at Foresight Group, the UK’s leading sustainable asset manager.

 

Nigel, who has almost 25 years combined experience in the waste and investment industries, will provide expert advice to LWARB on investments in recycling and renewable energy projects in the capital.

 

LWARB has an investment fund to distribute over four years, comprising of money from Government (the Department for the Environment Food and Rural Affairs, DEFRA) and the London Development Agency (LDA).  LWARB has also been a major contributor to the London Green Fund which provided £18 million of the initial £35million used to set up the Foresight Environmental Fund, which was recently launched by the Mayor, Boris Johnson, on 21 March.

 

Andy Holdcroft, chief operating officer at LWARB, said: “Nigel’s financial experience and track record in the waste industry contributes a dedicated expertise, which further strengthens our commitment to building London’s low carbon economy.”

 

Nigel Aitchison, industrial partner, Foresight Group, said: “I am delighted to accept this role and look forward to contributing to the future of London’s waste and recycling industry.  Foresight and LWARB share complementary synergies; we both believe recycling and recovery is one of the most sustainable sectors of London’s industry and it can benefit from investment and direction from both the public and private sector.”

 

Before Nigel joined Foresight in 2008, he spent 19 years in the waste industry, including as a director of Shanks Waste Management Limited.  He is a chartered environmentalist and has held a variety of positions not only in operations but also in business development, particularly bidding PFI contracts.  He was instrumental in the successful bid for the East London Waste Authority PFI project and led the negotiations on key elements of this £1.5 billion contract.  Nigel also led the Dumfries and Galloway PFI contract to financial close.  He was appointed as a director to all three of Shanks’ PFI SPV boards and held full profit & loss responsibility for Shanks’ existing PFI portfolio, with a turnover of circa £45 million.  Prior to joining Shanks, Nigel spent 10 years working for UK Waste, rising to a key role in regional management.

 

ENDS