Scotland – Zero Waste Scotland has launched an Â£18 million (US$ 25.4 million) fund to help small and medium-sized enterprises explore and pioneer ways to develop a circular economy.
The Circular Economy Investment Fund is part of a wider £70 million (US$ 99 million) programme, supported through European Regional Development Funds, which aims to improve business productivity and create a circular economy in Scotland. The fund is aimed at accelerating the development of business innovation, including support for new technologies and the infrastructure needed for a more circular economy, which could mean sharing, leasing or take-back models, encouraging repair or new recycling ideas.
The funding will be spread over three years and will focus on key sectors such as the bio-economy, the built environment and the energy infrastructure. There will also be funding available for key activities such as reuse, remanufacturing, repair and reprocessing. Interested parties can visit the Zero Waste Scotland website for more information and to apply for funding.
The fund will be open for applications from April 1 and will be a two-stage process.