Blake Morgan LLP advised Development Bank of Wales with a team including Paul Duggan (Picture – Finance).
Development Bank of Wales (DBW) granted a loan to the expanding EcoMove Group.
DBW is supporting EcoMove with a £250,000 loan so that the electric transport business can fund further expansion of their business by launching Recover, a collection, storage and future recycling facility for lithium-ion batteries in the UK.
Leading law firm Blake Morgan continue their longstanding relationship with DBW having worked together for almost 20 years, advising on deals that benefit the Welsh economy.
The opening of the storage facility in Newport will enable Recover to recycle consumers’ batteries and provide a commercial service for third-parties.
Legal Director Paul Duggan (Picture) and Solicitor Rhian Davies, both in Blake Morgan’s Banking & Finance team, worked on the deal with Stephen Galvin of DBW.
Clients: Development Bank of Wales;