Circular Economy Funding

Aligned with the Innovation Strategy, Circular Economy Funds are available to organisations through their planned innovation activities.

  • Supports investment to increase the use of recycled and re-used content in products or components or to extend the lifetime of products/materials
  • Circular Economy activities will be supported via the Circular Economy Fund and any complimentary innovation activities will be supported via the SMART Flexible Innovation Support

Supports three areas of activity

  • Circular Economy Research, Development and Innovation
  • Transitioning to a Circular Economy and/or
  • Up scaling to a Circular Economy

Who can access the support?

  • Businesses of any size
  • Research organisations
  • Third Sector organisations
  • Health Boards

How much is available?

Dependent on organisation and type of project

  • An example for businesses:
  • Typical value of funding £200k per year for 2 years
  • Intervention rate – 50%

What needs to be achieved?

Projects will need to demonstrate that they can deliver one or more of the following outcomes:

  • Increased amount of recycled, re-used and re-manufactured materials used in new or existing products or processes
  • Reduce CO2 emissions
  • Reduce waste
  • Improved productivity 
  • New or improved products or processes developed and/or introduced
  • Obtain a recognised relevant BSI standard/kitemark

Next steps

  • Get in touch: due to the level of interest  in SMART FIS we are taking longer than usual to respond to enquiries.. A member of our team will be in touch as soon as possible.