£6.5m Wales Circuclar Economy Fund Widened
£6.5m fund to give more support, more quickly to a wider range of organisations in Wales
WRAP Cymru annouced this week that they have widened the scope of the £6.5 million Wales Circular Economy Fund. With it, a revised and more agile application process will enable grants to be awarded more quickly. These changes have been made to help the Welsh economy respond to the challenges of the COVID-19 pandemic.
The fund was introduced in April 2019 to support the use of recycled materials by manufacturers in Wales. It can now also support preparation for re-use, refurbishment and re-manufacturing activities in Wales. This includes the production of sustainable goods to aid the global fight against coronavirus, such as Personal Protective Equipment (PPE).
Marcus Gover, WRAP CEO
“The purpose of the Wales Circular Economy Fund is to help build a strong, sustainable manufacturing and remanufacturing sector in Wales. It will support locally manufactured and remanufactured goods made from recycled Welsh raw materials. It will support the growth of local repair and refurbishment services to help Welsh people get the maximum value from the products they buy. It will create jobs, help to tackle climate change and make the Welsh economy more resilient. “Grants awarded to date will result in over £2 million of capital investment. Now we have extended the scope, we are looking forward to applications from more organisations operating in Wales.”
For more information about the grant and bthe application process, please visit http://www.wrapcymru.org.uk/grants