Aligned with the Innovation Strategy, Circular Economy Funds are available to organisations through their planned innovation activities.
- Should support 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
- 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?
It is essential that all projects demonstrate that they will use an increased amount of recycled, re-used and re-manufactured materials in new or existing products or processes. In addition to this requirement, they will also need to demonstrate that they can deliver one or more of the following outcomes:
- Reduce CO2 emissions
- Reduce waste
- Improved productivity
- New or improved products or processes developed and/or introduced
- Obtain a recognised relevant BSI standard/kitemark
