Fife Council set up a new company, Resource Efficient Solutions LLP (RES), in April of last year and it says it is set to help save the council over £1m in its first year of operation.
RES was established to provide services to the council, and other public bodies, as well the wider business community in Fife and beyond, and it operates waste management facilities near Dunfermline and Ladybank, where it processes waste delivered by Fife Council, waste management companies and traders.
Core activities at these sites include the recovery of recyclable materials from waste, production of biomass fuel from wood waste, composting of green waste, and the production of renewable power and heat from food and garden waste.
The company also provides consultancy services to other councils, building on the expertise gathered in delivering Fife Council’s award winning household waste recycling services. Councils from Angus to Argyll and Bute have consulted the specialist teams at RES.
The forecast savings come from new income from trading activities and operational savings made by the company since it began trading.
Councillor John Wincott, who is Chairman of the company, said: “Resource Efficient Solutions’ performance in its first year of operations is excellent news. We expect that this success will benefit the Fife Council to the tune of £1.2m this year alone. This is down to the development of new income streams and driving down costs in key areas. The overall performance is even more pleasing given the very challenging trading conditions that we have experienced in some areas this year. This result is a testament to the outstanding work of all of our employees whose knowledge of the industry and hard work have given the company an excellent first year.”
“We intend to build on this success by further sales growth and by expanding our operations to include commercial and industrial waste collection. We will also be looking at expanding the provision of consultancy services in renewables. In doing this, our goal is to make a significant contribution in helping to meet Fife Council’s funding gap of £77m.”