Richard Budge (1947-2016) *69
This memorial website was created in memory of Richard Budge, 69, born on April 19, 1947 and passed away on July 18, 2016.
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was a coal mining entrepreneur and chairman of The Coal Industry Social Welfare Organisations. He entered the coal mining industry when he joined the company of Retford-based (on West Carr Road) A.F. Budge, owned by his brother Tony (1939-2010), which ran opencast mines. It was also involved in civil engineering schemes such as building the new £3.2m A638 Redhouse interchange on the A1(M) north of Doncaster in 1979; junctions 4-6 of the A1(M) in 1973; and junctions 1-3 of the M621 in 1975; the M181 and a section of the M180 near Scunthorpe in 1978. The company also sponsored the December Gold Cup horse race at Cheltenham Racecourse from 1988 to 1991.
In February 1992, Richard Budge bought the opencast coal and Plant division from the family business with venture capital backing from Schroder Ventures for circa £103m, a transaction approved by Charterhouse Ventures and Prudential Ventures which were preference shareholders of AF Budge. A.F. Budge, was majority owned by his elder brother Tony Budge.
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This page was created on 2016-12-31T00:00:00
Last changed on 2021-01-17T13:35:00
Created by: Milka and maintained by: Sysoon.
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