Bernard Matthews has announced a £24.5m scheme that will see 179 biomass boilers installed at 21 turkey farms in Norfolk, Suffolk and Lincolnshire, covering around 40% of the company’s estate.
The boilers will be half-funded by private investment firm Equtix’s Energy Efficiency Fund, and half by the UK Green Investment Bank, a “for profit” financier set up with £3.8bn of public funding to encourage investment in green technology.
The two funds will tap into the Renewable Heat Incentive for 20 years in exchange for providing and maintaining farm boilers over that time, a service undertaken by green energy firm Lumicity. Bernard Matthews will benefit from cost savings of “25%-50%” on fuel.
According to Lumicity, the installation will create 51 jobs, and a further nine permanent positions will be created for the boilers’ maintenance. It was described as the largest project of its type in the UK.
Bernard Matthews has an aim to generate 100% of its energy “sustainably” by 2016.