Open new opportunities by implementing Circular Economy principles.
Introducing circular economy principles into your business offers a range of opportunities that can positively impact your bottom line, brand reputation, and long-term sustainability. Here's why you should consider adopting circular economy principles:
- Cost Savings – optimise your resource use, extend the life of products and materials through strategies like repair, refurbishment, and remanufacturing, reducing the need for raw materials leading to lower production costs.
- Competitive Advantage – differentiate your business from competitors by demonstrating environmental responsibility and sustainability, enhancing your brand image.
- Growth Opportunities – encourage innovative product design and alternative business models, which can lead to new revenue streams and business growth.
- Regulatory Compliance – be better positioned to comply with evolving laws and regulations related to waste management, resource consumption, and emissions reduction.
- Enhance Supply Chain Resilience – strengthen your supply chain resilience by being more innovative and resource-efficient in the face of resource scarcity, geopolitical instability, and increasing climate-related natural disasters.
Transitioning to a circular economy requires a shift in mindset and business strategies. This is made possible by increased circular economy knowledge and innovation skills.
The long-term benefits regarding sustainability, cost savings, and business growth can be substantial, making it a worthwhile endeavour for forward-thinking businesses.
Cardiff Metropolitan University in partnership with Swansea University, third sector and industry partners are running a fully funded programme to support businesses in Wales to develop their circular economy understanding and innovation plans to support clean growth and contribute to Welsh Government’s ‘Net Zero Wales’ ambitions.
The 6-month programme will include:
- Monthly workshops to develop innovation skills and build strong networks to support innovation and clean growth plan development.
- R&D support from WRAP Cymru and University staff.
- 1 to 1 mentoring support.
You will:
- Join people from a variety of organisations and participate in a programme of interactive, social learning-based workshops.
- Learn innovation methods and tools that can enhance productivity, increase customers satisfaction and help to implement Circular Economy principles.
- Develop clean growth plans ready to be implemented which may be eligible for Welsh Government innovation funding.
- Enhance tender capabilities for public service contracts in Wales.
Find out more by attending an informal online Insight Event or contact ceic@cardiffmet.ac.uk
To apply for this fully funded programme starting in October 2023, visit Registration | CEIC Wales