Galvmac lands £300,000 debt deal to scale pothole repairs
What's the deal? Newcastle-based GalvmacDealroom has a profile for this one. Try Dealroom → has secured £300,000 in debt funding from the North East Elevate Fund, managed by FW CapitalDealroom has a profile for this one. Try Dealroom →, to support its UK-wide highways maintenance operations.
What's the endgame? Founded in 2023, Galvmac repairs potholes and road surfaces using Elastomac, a rubberised mastic asphalt made with recycled tyres. The material bonds to existing surfaces without excavation, creating a durable, waterproof layer.
Why now? The funding follows a run of contract wins. Galvmac has landed work with Durham County Council, Westmorland and Furness Council, and authorities in the Nottingham area, plus projects with Balfour BeattyDealroom has a profile for this one. Try Dealroom → in Lincolnshire and M GroupDealroom has a profile for this one. Try Dealroom → in Hampshire.
The expansion has supported up to 20 new roles, with more contracts being secured nationwide. The capital will help Galvmac buy materials and manage cashflow as demand grows.
What they said: "Working with FW Capital has been a game-changer for our rapid growth," said Barry Gill, finance director at Galvmac. "They didn't just provide the funding right when we needed it; they truly understood our vision and acted as a strategic partner every step of the way."
The North East Elevate Fund is part of mayor Kim McGuinness' £100 million regional investment framework, administered by The North East FundDealroom has a profile for this one. Try Dealroom →. Alongside the Accelerate and Spinout Inspire funds, it aims to improve access to finance for startups and growing businesses in the region.
The signal: With councils across the UK under pressure to fix deteriorating roads at lower cost, Galvmac's recycled-tyre approach is winning backing as a cheaper, greener alternative to traditional repairs — and regional funds are betting on local firms that can scale it.
Read more: bdaily.co.uk
Image credit: MassDOT
