20 August 2026
GRS has extended its banking facility with Wells Fargo Capital Finance, reinforcing the Group’s ability to deliver its growth plans.
The five-year agreement gives the Group an extra £30 million springboard to pursue its goals, signalling the bank’s confidence in the Group’s strategy – applying technology to optimise the supply of aggregates, and recovery of waste materials, integrated with an agnostic sourcing model and intelligent multimodal logistics.
Having proved its capabilities on HS2 – where GRS has orchestrated the supply of nearly 25 million tonnes of bulk aggregates by rail and road – the firm is well placed to support delivery of major projects in the government’s infrastructure pipeline published by NISTA (National Infrastructure and Service Transformation Authority).
The extension, which features improved terms compared to the original arrangement and extends the facility to 2031, puts GRS in a strong financial position for the years ahead, allowing the Group to embark on the next phase of sustainable growth.
Phil Evans, GRS Group Chief Financial Officer, said: “Our extended banking facility gives us a further five years of runway with up to an additional £30 million that provides financial stability and unleashes greater flexibility as we pursue our growth strategy. We have built a successful relationship with Wells Fargo – they understand our trajectory and this extension is a strong vote of confidence in GRS and represents a solid commitment to backing our future investment plans.”
GRS first struck a refinancing deal with Wells Fargo in 2023 which involved a receivable facility of up to £60 million. The Group has since invested in transformative digital technologies, a circular solutions business, overseas partnerships, market-leading people development, and award-winning employee wellbeing programmes.
