Biome Technologies recognised in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2020 report

3 November 2020
Biome Technologies recognised in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2020 report

Biome Bioplastics’ parent company Biome Technologies plc has been identified as one of the London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ for 2020. The report recognises the UK’s fastest-growing and most dynamic small and medium-sized businesses (SMEs), highlighting the regional and sector diversity of the UK’s SMEs and the entrepreneurial spirit shown by these companies.

To be featured in the report, businesses had to demonstrate strong revenue growth over the last three years and outperform their sector peers, creating a unique list of the UK’s most innovative SMEs.

Biome Technologies is an AIM-listed, growth-orientated, commercially-driven technology group. The company comprises two divisions, Biome Bioplastics Limited and Stanelco RF Technologies Limited. Biome Bioplastics has over 20 years’ experience in the development of bioplastics that challenge the dominance of traditional oil-based polymers. The company’s expertise covers everything from raw materials and production through to a thorough understanding of how materials and additives behave and perform during processing and storage.

2020 has been a strong year for Biome Bioplastics. Earlier this year, the company received its largest-ever single order for its heat-stable and compostable bioplastic for coffee pod applications, plus received £273,000 in funding from the UK Government’s Innovate UK to support the scale-up of its novel compostable bioplastic materials. Additionally, Biome Bioplastics recently received a Green Economy Mark from the London Stock Exchange following a strong financial performance in the third quarter of 2020.

Paul Mines, CEO of Biome Technologies plc, commented:

“Being included in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2020 report is further evidence and recognition of our fast growth. We’re leading the way in developing bio-based and compostable materials to address the global plastics crisis. We already have a strong portfolio of high-performance products available internationally, while our emerging technology pipeline continues to grow thanks to the hard work and dedication of our industrial biotechnology experts. Meanwhile, Stanelco RF Technologies’ latest equipment is already supporting the roll-out of 120 million km of fibre-optic cable every year.”

David Schwimmer, CEO of London Stock Exchange Group, said:

“This report highlights the vital role of SMEs in driving economic growth, leading innovation and providing jobs across the UK. In this challenging year for businesses, it is more important than ever to shine a light on these stories of resilience and entrepreneurship. The success of UK SMEs is crucial as we rebuild a post-COVID-19 economy, and London Stock Exchange Group is committed to helping growth companies achieve their potential.”

The Rt Hon John Glen MP, Economic Secretary to the Treasury, added:

“SMEs are the engine room of our economy. They have risen to the immense challenges of this year with resilience and ingenuity, and we are proud to support them with one of the most generous and comprehensive packages for businesses anywhere in the world. It is more important than ever that we champion the companies in this year’s 1000 Companies to Inspire Britain report and many others like them – they are creating jobs, spurring on our economic recovery, and building the industries of the future.”

A full searchable database of all of the companies and downloadable PDF of the publication can be found online at www.1000companies.com.