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Embracing the opportunities

Zero Waste Scotland are here to ensure your business embraces opportunities that arise from the circular economy. 

The benefits of becoming a circular business include:

  • New commercial opportunities
  • Contribute to business growth and sustainability
  • Generate new revenue
  • Transform a business’ relationship with its customers
  • Protect our economy against resource shortages and the rising cost of materials.

Circular economy opportunities for your business exist in the making of your product, how it is used and how it is remade.

There are several circular economy business models available which help keep products and materials in use, by design, for as long as possible to get the maximum value from them.

Circular economy business models are broadly based on design, sharing resources and re-use/repair/remanufacture a follows:

  • Hiring and Leasing (sharing resources)
  • Performance/Service System (sharing resources)
  • Servicing and repair

Providing a service based on delivering the performance outputs of a product where the manufacturer retains ownership, has greater control over the production of a product, and therefore has more interest in producing a product that lasts.

Other key models include:

  • Incentivised return (re-use) - Offering a financial or other incentive for the return of ‘used’ products. Products can be refurbished and re-sold.
  • Asset management (re-use) - Maximising product lifetime and minimising new purchase through tracking an organisation’s assets, planning what can be re-used, repaired or redeployed at a different site.
  • Collaborative consumption (sharing resources) - Rental or sharing of products between members of the public or businesses, often through peer-to-peer networks.
  • Long life products (design) - Designed for long life, supported by guarantees and trusted repair services.

If you are interested in being supported to develop these business models and help your business to embrace the opportunities a circular economy can bring, please complete the following form:

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