Funding for businesses and third sector organisations to undertake projects that aim to improve the scale, range and depth of resource efficiency work and reduce carbon output in Scotland.
There are two funding strands to this scheme. The first funding strand is for applications receiving funding that is worth between £20,000 and £99,000. The second funding strand is for higher value applications receiving funding that is worth between £100,000 and £1,000,000.
This scheme is administered by Zero Waste Scotland. Funding is comprised of support from Scottish Government policy areas and Scottish Government European Regional Development Funds.
The main purposes of this fund are as follows:
- To stimulate the development of innovative, resource efficent products and services for the purposes of supporting a circular economy in Scotland.
- To encourage the collaboration for the purpose of exploiting opportunities and confronting challenges.
- To provide support in order to develop innovative and creative business models.
- To provide funding for projects that have demonstrated proof of concept and that have the potential for commerical exploitation so that they might progress to a stage where they may attract investors.
- To achieve significant carbon savings.
Interested parties should note the following restrictions:
- Activity related to the production of agricultural or fisheries products will not be considered eligible for funding
- Activity related to energy from waste projects will not be considered eligible for funding.
- Public sector bodies are not eligible to apply for funding.
- Large sized companies are not eligible to apply for funding.
Small and medium-sized enterprises are eligible to apply, as are registered third sector organisations such as charities, community groups and foundations. Collaborations between two or more organisations in encouraged in cases where this will positively impact the project proposal.
The following industry areas are a priority:
- The bio economy.
- Built environment.
- Energy infrastructure.
Information regarding match funding has not been stipulated. Interested parties should contact the funding provider directly for further information.
Funding is intended to support eligible operating and/or capital project costs. Funding is also available for core activities such as reuse, remanufacturing, repair and reprocessing.
Essential items such as dust suppression equipment and wheel washes, that are needed in order to meet health & safety or environmental requirements will not be considered eligible for funding.
Applications are accepted on a first come first served basis and the fund closes 31 December 2018.
Interested parties may complete the Circular Economy Investment Fund Outline Project Proposal Form, which can be found on the Zero Waste Scotland website. Applicants will be notified within 30 working days whether or not they have been successful at this stage. If they have been successful, then they will be invited to partake in the final part of the application process.