Crown Plus Secures £3.9M to Enhance Highway Drainage
Unlocking the Future of Infrastructure: Crown Plus Secures £3.9M to Revolutionize Highways Drainage
In a significant leap towards enhancing infrastructure maintenance, Telford-based highways drainage contractor Crown Plus has successfully raised £3.9 million in funding. This investment round was powered by the Midlands Engine Investment Fund II, with the venture being managed by Mercia Ventures. The infusion of capital not only bolsters Crown Plus's position in the market but also demonstrates a growing confidence among investors in innovative solutions for public infrastructure.
The funding will be strategically allocated to acquire state-of-the-art equipment and enable the company to tackle more substantial projects that were previously beyond its reach.
Founded in 2015 by visionary entrepreneurs Paul Conner and Gary Price, Crown Plus has pioneered its own range of specialized equipment designed for the refurbishment of filter drains and gravel-filled drainage systems that require consistent maintenance. With this investment, they aim to elevate their operational capabilities and sustainability practices to new heights.
One of Crown Plus's standout innovations is the VERGEBlaster, a cutting-edge tool that not only extracts weeds but also performs cleaning operations on-site, significantly minimizing waste sent to landfills. This dual functionality underscores a commitment to environmental responsibility, a quality that is increasingly appealing to investors looking for sustainable business practices. As Crown Plus gears up for its next chapter, the backing from funding sources epitomizes the interplay between innovation and investment, paving the way for a cleaner, more efficient future in infrastructure maintenance.
Key Terms Explained
- Crown Plus
- A Telford-based highways drainage contractor that has developed innovative solutions for infrastructure maintenance. The company has secured £3.9 million in funding to expand its operations and improve its sustainable practices.
- Midlands Engine Investment Fund II
- An investment fund that provided the principal financial support for Crown Plus's recent funding round. The fund's participation demonstrates investor confidence in innovative infrastructure solutions and sustainable business practices.
- VERGEBlaster
- A cutting-edge piece of equipment developed by Crown Plus. The VERGEBlaster extracts weeds and performs cleaning operations on-site, minimizing waste. This tool illustrates the company's commitment to sustainability and innovative infrastructure maintenance.
Frequently Asked Questions
- How much funding has Crown Plus recently secured?-Crown Plus has recently secured £3.9 million in funding.
- What is the source of Crown Plus's funding?+
- What will the funding be used for in Crown Plus?+
- Who are the founders of Crown Plus?+
- What is one of Crown Plus's standout innovations?+
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