Government to incentivise circular economy trailblazers

Innovative ideas around the circular economy will be rewarded under government plans to accelerate progress in this area.

The Government has announced it will invest up to £1.25m to improve the resource efficiency of UK companies in working towards a low-carbon economy.

Tied with this, the Government's Technology Strategy Board (TSB) will run a national competition and offer funding for feasibility studies into the re-design of products, components and systems to retain material within the economy over several cycles of use.

The competition aims to stimulate innovation in design to address two high-level challenges - reducing the global environmental impact of materials and dependence on key raw materials, the supply of which is potentially at risk.

The feasibility projects must be business-led and may be collaborative or led by a single company. All must involve a distinctive design contribution. Grants will not exceed £25,000.

The competition is open to all UK companies and has two rounds. The first opens on October 29 and and applications must be received by December 12.

In conjunction with the Royal Society of Arts, the TSB has already helped fund The Great Recovery Project, which officially launched in London this week.

The project, which will run over two years, aims to inspire and promote the co-creation of circular economy manufacturing models through collaborative working.

Maxine Perella


| Green innovation | manufacturing | Circular economy


Waste & resource management

Click a keyword to see more stories on that topic, view related news, or find more related items.


You need to be logged in to make a comment. Don't have an account? Set one up right now in seconds!

© Faversham House Ltd 2012. edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.