At the end of 2007 the Enhance Capital Fund provided £133,000 to help Edmonton-based London Tyre Recycling (LTR) become established. According to the Department for Business, Enterprise and Regulatory Reform (BERR), every day over 131,000 worn tyres are taken off cars, vans and trucks accounting for more than 48 million tyres (487,000 tonnes) per year. Hugh Smith, programme manager, London Remade, said: “The Enhance programme has awarded London Tyre Recycling (LTR) with a capital grant for tyre shredding equipment to work in response to the EU Landfill Directive that bans most tyres from being sent to landfill. The funding will enable LTR to take used tyres from this priority waste stream and reprocess them into rubber chips that can be used to manufacture many new products.”