A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life.
Scotland is at the cutting edge of developing a more circular economy. Businesses are already capitalising on the vast benefits of being circular and through new business models, are opening up sustainable opportunities for innovation and increased profitability, reducing expenditure whilst addressing the issue of resource pressures.
Edinburgh Chamber of Commerce is managing a circular economy project to inspire companies to look at the benefits of circular economy, the opportunities and support on offer. The Edinburgh Chamber of Commerce will hosting a number of events and provide support and assistance to help your business mobilise circular economy projects. For further information please contact Mayan Grace (firstname.lastname@example.org) or call 0131 221 2999 (option 5)
Circular Economy Business Support Service
The Circular Economy Business Support Service, administered by Zero Waste Scotland, offers investment for SMEs based in Scotland and supports work that will deliver circular economy growth. It is supported by the European Regional Development Fund through the £73million Resource Efficiency Circular Economy Accelerator Programme.
The Circular Economy Business Support Service offers dedicated and expert one-to-one business support directly to small and medium sized businesses across all sectors in Scotland. It is designed to help companies explore more circular ways of doing business which can result in resource efficiencies, improved profitability, higher quality products, increased customer base and alternative supply chains for business.
The service is open to businesses and organisations across all sectors in Scotland seeking to develop and/or implement new business models, technologies, practices, products or services which can embed circular economy principles. This includes circular economy business models around sharing resources, modular design, re-use and repair, remanufacturing and reprocessing. For more information, please visit http://www.zerowastescotland.org.uk/circular-economy/business-support-service
Circular Economy Investment Fund
Zero Waste Scotland administers an £18million Circular Economy Investment Fund, which provides grant funding to small to medium sized businesses (SMEs) to:
Funding is available from £50,000 to £1m to support SMEs pioneering alternatives to the ‘make, take, dispose’ approach, and keeping products and materials in a high-value state of use for as long as possible. It comprises support from the Scottish Government and the European Regional Development Fund. For more information, please visit http://www.zerowastescotland.org.uk/circular-economy/investment-fund