News

Foresight Nottingham Fund invests £500,000 in AppInstitute's Next Generation Self Build Platform for mobile apps

With its central operations based out of Nottingham’s Creative Quarter, AppInstitute was founded in 2011 and has partners and end-client businesses in more than 10 countries over 4 continents, with an initial focus on the UK market. The company currently has 16 staff in Nottingham with expectations to reach 50 over the next few years.

£110m funding secured for biggest waste wood renewable energy facility in the North West

Shaun Kingsbury, Chief Executive, UK Green Investment Bank, said: "This project is a great example of how we can build the next generation of energy and waste management infrastructure in a way that is green, cost-effective and highly efficient. This type of innovative infrastructure adds to our domestic electricity generation and reduces our carbon emissions. "What is particularly important is that these projects are replicable and scalable. The Widnes project has been brought together by the team that supported a similar project in Northern Ireland and I hope we will see many more.”

Foresight announces successful sale of Channel Technical Services Ltd., supporting full repayment of Foresight shareholder loans

James Livingston, Director of Foresight and of CSSG commented "We are delighted that the strategic decision of the management team to spin out the service business of CSSG has delivered such value to shareholders. We are confident that CSSG, which is now a focused lighting, safety and security products business, will continue on its growth trajectory and we look forward to supporting the management team in achieving their goals.”

Foresight Group announces successful sale of OrthoView Holdings Limited to NASDAQ listed Materialise NV

Foresight 3 VCT plc first invested in OrthoView (then Meridian Technique Limited) in 2003, at an early stage in the Company’s development. Over the years, OrthoView has developed partnerships with many of the major healthcare IT suppliers, including GE Healthcare, Philips, Agfa and Mckesson. OrthoView has become the world leader in its sector, serving more than 10,000 surgeons across the UK, USA, Europe and numerous other geographies.

Result of Initial Placement and Offer for Subscription

The Board is pleased to announce that £60.1 million of gross proceeds has been raised in the Initial Placing and Offer. A total of 58,000,000 New Shares will be issued (subject to Admission), of which 56,073,801 New Shares will be issued pursuant to the Initial Placing and 1,926,199 New Shares will be issued pursuant to the Offer for Subscription.

Results of General Meeting

Trina Solar announces sale of 10.6MW PV Power Plant in UK to Funds Managed by Foresight Group LLP

"We are delighted to acquire the 10.6MW PV power plant located in Trehawke, Cornwall from Trina Solar, which has a successful track-record of delivering value to its clients," said Ricardo Piñeiro, Director and Head of UK Solar at Foresight. "The transaction is consistent with Foresight's strategy to invest in high quality operational assets built by world-leading tier one solar power system developers, such as Trina Solar and which offer stable returns for our investors. This transaction with Trina Solar showcases the strength of working with a partner with international credentials, and we look forward to further cooperation with Trina Solar in the near future."

Foresight announces the successful refinancing of its £3.5 million investment in Dundee-based precision engineering firm Aerospace Tooling Corporation Limited

Darrel Connell, Director of Foresight and of ATCL commented "We are delighted that John Seaton and the new management team have been able to deliver such a strong performance in a relatively short period of time since our investment. We are confident that the company will continue on its growth trajectory and we look forward to supporting the management team in achieving their goals.”

Connection of Bournemouth and Kencot Assets & Proposed Initial Placing and Offer for Subscription and Placing Programme

Foresight completes Energy Efficiency investment with CEMEX UK

This successfully completed investment and Foresight’s previous Investment with CEMEX UK in 2013, follow another successful energy efficiency transaction completed with David Lloyd Leisure Limited in 2012. It establishes Foresight as one of the market leaders for the provision and structuring of independent financing for the energy efficiency sector in the UK. In each case Foresight has successfully worked with Decarbon Capital, a specialist energy efficiency investment company, in a constructive way to provide an attractive solution for the corporate customer and investors.

Foresight boosts waste processing in East London

• Foresight Group LLP ("Foresight”) announces a £1m investment from the Foresight Environmental Fund ("FEF”) into Orion Support Services Ltd. ("Orion”), a multi-faceted support service company dedicated to advanced and sustainable solutions • Orion to expand its existing commercial and industrial ("C&I”) and construction and demolition ("C&D”) waste collection businesses through the relocation of operations to a new site at Canning Town • Orion to deploy waste processing and sorting equipment at the new site, aimed at improving recycling rates, and ultimately reducing waste to landfill Orion is a rapidly growing business, focused on the collection of C&I and C&D waste from across London. The company currently collects c.40,000 tonnes of waste per annum through a fleet of vehicles it owns, maintains and operates, based out of a site in Silvertown, East London.

Wymeswold solar farm opens doors to public on Solar Independence Day