Welsh Government Announces £10m Circular Economy Funding
Funding is available for businesses, research organisations, third sector organisations, and health boards in Wales to support projects that will grow the economy and address the climate emergency.
Aligned with the Welsh Government’s Net Zero Wales and Circular Economy strategy, Beyond Recycling, the Circular Economy Fund will support organisations moving towards a net zero carbon economy.
The funding will support investment in manufacturing processes to increase the use of recycled and re-used content in products or components, or to extend the lifetime of products and materials.
The programme has an overall budget of £10 million. The level of support provided for individual projects will depend on the organisation applying and the type of project proposed. As an example, businesses may be awarded up to £200,000 per year for two years, with a 50% intervention rate.
Projects must 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.
- Reduced CO2 emissions.
- Reduced waste.
- Improved productivity.
- New or improved products or processes developed and/or introduced.
- Obtaining a recognised relevant BSI standard/kitemark.
Businesses of any size, research organisations, health boards and third sector organisations, based and operating in Wales, may qualify for support.
Applications may be submitted at any time.
(This report was the subject of a GRANTfinder Newsflash.)
