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Wales continues to lead UK in recycling, announces circular economy fund

March 13, 2017

Wales continues to lead UK in recycling, announces circular economy fund

By George Ogleby | edie.net
13 March 2017

The Circular Economy Capital Investment Fund (CECIF), which kicks off in 2019, will assist businesses in various ways; from increasing recycling for hospitality, tourism and food services sectors, to improving the use of recycled content in products manufactured in Wales.

The news was delivered late last week by Wales Environment and Rural Affairs Secretary Lesley Griffiths, who said: “The £6.5m fund underlines our commitment to moving towards a circular economy.

“This will help businesses save money by becoming more resource efficient and resilient, an approach that will deliver numerous environmental benefits including less waste and reduced CO2 emissions.”

Proud achievement
The fund will help Wales towards the milestones of 70% recycling by 2025 and 100% recycling by 2050, as set out in the Welsh government’s waste strategy Towards Zero Waste. Recent studies have found the adoption of a circular economy could save the Welsh economy up to £2bn and has the potential to create up to 30,000 jobs.

Wales already leads the way in the UK on recycling rates, which last year jumped to 60%, exceeding a national 58% recycling target for 2015/2016.

The figures reveal that the country has doubled the amount of waste it has recycled over the past decade, thanks in the main to a close collaborative relationship between the Welsh government and local authorities.

Read more at EURACTIV.

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