WRAP expands Wales Circular Economy Fund

Written by: Madeleine Ballard | Published:
The fund was introduced in April 2019 to support the use of recycled material by manufacturers in Wales

WRAP has announced that it has widened the scope of the £6.5m Wales Circular Economy Fund, meaning it can now support preparation for sustainable reuse, refurbishment, and re-manufacturing activities in Wales.

The fund’s application process has also been revised, allowing grants to be awarded more quickly.

The changes have been made to help the Welsh economy respond to the challenges of the Covid-19 pandemic while keeping sustainability at the forefront.

Among the sustainable goods the fund will help produce are items to fight the coronavirus, such as personal protective equipment (PPE).

The Wales Circular Economy Fund was introduced in April 2019 to support the use of recycled materials by manufacturers in Wales.

Organisations of any size operating in Wales can now apply for small-scale grants from £6,000 to €200,000 and large-scale grants from €200,000 to £750,000.

Eligible projects much either increase the use of recycled plastic, paper and card, or textiles in new or existing products, or extend the life of materials through preparation for reuse, refurbishment, or re-manufacturing.

The grants already awarded under the scheme are expected to support the use of an extra 10,000 tonnes of recycled materials, turnover growth in excess of £7.3m, the prevention of more than 6,200 tonnes of carbon emissions, and the creation of at least 14 new jobs, over a three-year period.

Marcus Gover, chief executive at WRAP, said: “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.

“Now we have extended the scope, we are looking forward to applications from more organisations operating in Wales.”

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