Stirling, UK — A £3.8 million fund to help businesses develop green infrastructure proposals is now open. Environment Secretary Richard Lochhead announced the Scottish Recycling Fund (SRF) at the Safeguarding Scotland’s Resources Conference at Dynamic Earth in Edinburgh. The fund will make loans available to organisations interested in developing key sorting, repair and reprocessing capacity for waste materials in Scotland. Loans will also be available for bids from the remanufacture industry.
The fund has been established by Zero Waste Scotland and Scottish Enterprise to develop or expand sorting, reuse / repair and reprocessing capacity for eligible waste materials in Scotland as well as remanufacturing facilities in Scotland.
The fund is able to offer loans, repayable over a 3-5 year period on commercial terms, to organisations that are interested in developing the relevant infrastructure in Scotland. While loans are primarily for capital investment, they can include working capital.
The specific objectives of the Scottish Recycling Fund are as follows:
- To establish key reprocessing infrastructure in Scotland
- To divert materials from landfill and other waste treatment into high value end uses and achieve related carbon savings
- To develop infrastructure for ‚problem waste streams‘ in Scotland
- To generate additional jobs and added value in Scotland from these activities
- To support a range of projects, which are unable to access funding from other commercial sources
- To help in the development of more circular business models in Scotland
More information can be found under zerowastescotland.org.uk.
Source: Zero Waste Scotland