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Investment in University of Bristol spin out Lineat Composites tops £1 million

The Business Magazine article image for: Investment in University of Bristol spin out Lineat Composites tops £1 million
25 April 2022

Lineat Composites Ltd, a University of Bristol spinout that aims to make carbon fibre more easily recyclable, has successfully raised significant funds through its initial seed round of investment, bringing the total investment in the company to date to over £1 million.

Based at the National Composite Centre in Bristol, the company was born from several years of Engineering and Physical Sciences Research Council-funded research by the academic team at the University’s Bristol Composites Institute.

Their research included the development of a patented process which uses reclaimed carbon fibre to produce a fibre aligned tape that can be used to manufacture new composite components.

Carbon fibre takes around ten times as much energy to make as steel, but currently less than 10 per cent of carbon fibre is being reused.

Investors led by UK Innovation and Science Seed Fund (UKI2S), together with SFC Capital and the corporate venture capital arm of a large London based hedge fund investing in climate and clean energy technology, have joined forces to enable the realisation of commercially recycled technical carbon fibre tape products.

Mark White, investment director for UKI2S, said: "Looking at Lineat opened our eyes to the scale of the recycling problem faced by the carbon composites sector and we are excited to kickstart the company on what promises to be a really interesting mission to transform the recycling picture and deliver a more sustainable solution for one of the world's fastest-growing materials."

Ed Stevenson from SFC Capital added: "SFC Capital were delighted to have co-led Lineat's latest funding round. With the widespread use of carbon fibre, there should be available ways to recycle any waste that is produced during the manufacturing process.

"Lineat and the all-star team are perfectly placed to deploy such a solution, which will enable the commercial use of recycled carbon fibre whilst at the same time reducing the environmental impact of the sector. We are excited to see what the future holds for Lineat."

Gary Owen, Lineat’s CEO, said: "This investment follows on from an initial Innovate UK ICURe grant and investment from the University’s Evergreen Fund and will assist in establishing Lineat as the global lead in realigned carbon fibre tape, a true building block of the composites world."


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Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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