New £18m circular economy fund launched by Zero Waste Scotland
An £18 million fund to support small and medium-size enterprises (SMEs) in developing circular economy business models and designs has been launched by Zero Waste Scotland.
The Circular Economy Investment Fund aims to accelerate business innovation and support the development of new technologies. A range of opportunities could be explored through this finance, including new takeback schemes, sharing, leasing, or new incentives for repair, remanufacturing or value retaining recycling.
Gaining the required financial investment has been a key challenge for circular economy business models. Traditionally, funding markets have been at their most effective when reflecting on events of the past to make the investment decisions of the future. For the circular economy to find success, investors and specific funds will be needed to get the innovators of the future off of the ground.