Circular Economy: Business Models Competition

Funding is available for businesses in the UK to explore commercial models for a circular economy of goods in which resources are kept in productive use for longer.

Total funding of up to £800,000 is available. Innovate UK expects to provide funding of between £25,000 and £50,000 to individual projects.

The percentage of costs that will be paid varies, depending on the type of research being carried out and the type of organisation involved. Universities and research organisations, including research and technology organisations and Catapults, and social enterprises are eligible as partners but their portion of the total project costs will be capped at 30%.

Funding for initial studies will be followed by a second competition for collaborative R&D funding for a small number of pilot projects.