The Circular Economy Fund will help accelerate Wales’ shift towards a circular economy by increasing demand for recycled materials, keeping resources in circulation instead of being incinerated or ending their life in a landfill, and supporting the growth of businesses operating in Wales.
The £6.5 million Fund has been split into two separate programmes: a Small Scale grant rolling programme (budget £2 million); and a Large Scale grant competition (budget £4.5 million) which will fund capital plant, equipment and infrastructure in Wales.
Eligible businesses may either apply for a Small Scale grant from approximately £25,000 up to €200,000 or a Large Scale grant from €200,000 and normally up to £750,000.
Activities eligible for funding include both:
- Capital investment in infrastructure and equipment, resulting in additional use of recycled materials in products, components or packaging produced in Wales.
- Capital investment in infrastructure and equipment for products, components or packaging new to market and containing recycled materials, thus increasing the demand for secondary materials and the promotion of a circular economy in Wales.
Manufacturers in Wales seeking funding for capital investment – existing or new to market – may apply. The business can be any size but must be based in Wales.
The next deadline for Small Scale grants is 30 May 2019 and for Large Scale grants; 7 June 2019.
More information about this funding opportunity and the application process is available on the GRANTfinder funding information platform. GRANTfinder provides up-to-the minute content, insight and analysis on funding news and policy. To find out more about how GRANTfinder can keep you in the know, and subscription fees, contact us today.