£6.5 M Circular Economy Fund Details Announced
Wrap Cymru Announce Details Regarding Welsh Government Circular Economy Fund
Wrap Cymru has announced details of how businesses can apply for the Welsh Government £6.5m circular economy grant fund.
Announced in 2017, The Circular Economy Capital Investment Fund will help companies make the transformation towards a ‘Circular Economy’ and will help Wales towards the milestones of 70% recycling by 2025 and 100% recycling by 2050, as set out in the Welsh Government’s waste strategy Towards Zero Waste.
Aims of the Grant
In its announcement, Wrap Cymru states that the overall aims and objectives of the fund are to:
- Ensure that a greater proportion of plastic waste produced in Wales is recycled by Welsh manufacturing companies; i.e. they increase the level of recycled content in the plastic products, components and packaging manufactured in Wales.
- Ensure that products, components and packaging placed on the market incorporate as high a percentage of recycled materials as possible.
- Allow for other innovative circular economy projects to apply for assistance.
Welsh Government Circular Economy Fund
How to Apply
Funding will be made available to businesses that can demonstrate that their actions will result in the additional use of recycled materials in products and packaging produced in Wales. The grant also applies to new products or packaging on the market containing recycled materials.
Eligible businesses may either apply for a ‘small scale’ grant (£25,000 up to €200,000) or a ‘large scale’ grant from €200,000 and normally up to £750,000.
For more information on the £6.5m fund including eligibility criteria, guidance documents, FAQs, application forms and submission deadlines can be found through Wrap Cymru grant link site HERE
Details of specific grants can be found by accessing the links below:
Wrap Cymru will be hosting free workshops in Wrexham and Cardiff to allow manufacturers to find out more about the grants available including eligibility and how to apply.
Details of the workshops including how to book a place is found by clicking the links: