1st August 2018

£4 million for plastic waste reduction ideas: How to help with funding

The amount of plastic waste produced is growing fast.
It was reported that in 2016, 1.5 million tons of plastic was produced globally. This is set to double by 2034.
As recent as 2014, it was found that less than a third of Europe’s plastic waste was recycled, with another third ending up in landfill. The remaining third was sent to energy recovery facilities.

£4 million of funding has been set aside for business projects which look at ways of reducing plastic waste through new polymers, processes, designs, recycling regimes, the use of biodegradable alternatives and innovations that encourage people to change their behaviour and reduce plastic waste.

A small or medium-sized enterprise must be involved in every proposed plastic reduction project but they can collaborate with others, e.g. an academic or research organisation. Only an SME can lead projects with costs below £100,000.

The application deadline is 8 August 2018.
Find out more about how to apply here: https://www.gov.uk/government/news/reducing-plastic-waste-in-the-environment-apply-for-funding

References: Business Advice Directory and HMRC