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Funding opportunity to help transform Scotland’s energy sector for the circular age

Energy businesses with innovative ideas to help future-proof the industry are being urged to access up to a million pounds of funding and support to unlock new sustainable business opportunities.

10 Oct 17

Small businesses and their larger supply chains in Scotland’s energy sector can now access up to £1million in funding from the Circular Economy Investment Fund. The £18million fund offers investment and supports work that will deliver circular economy growth. It is administered by Zero Waste Scotland and backed by the Scottish Government and the European Regional Development Fund (ERDF).

The funding follows the announcement of £8.4million for projects to increase recycling rates, reduce emissions and encourage re-use, announced by Environment Secretary Roseanna Cunningham at the Scottish Resources Conference in Edinburgh last week (Wednesday 27 September).

Scotland is at the cutting edge of developing a more circular economy – designing products and services to keep materials in use for as long as possible – and has attracted a global Circulars Award for its circular economy progress. Harnessing innovation in the energy sector could realise huge economic and environmental benefits, as well as increasing the resilience of individual businesses.

In oil and gas alone, the total value of decommissioning across the North Sea to 2040 is estimated at £46billion. Meanwhile the renewable energy sector represents a unique opportunity to embed circularity as part of the shift in energy infrastructure required to meet half of all Scottish energy needs from renewable sources by 2030.

Iain Gulland, Chief Executive, Zero Waste Scotland, said:

“Scotland’s energy sector is an important contributor to Scotland’s economic development, and has long been at the forefront of innovation. This is an opportunity to gain financial support for transformative projects that will help bolster a more resilient and sustainable industry in the future, as well as contributing to Scotland’s growing circular economy.”

This dedicated funding call builds on actions outlined in the Scottish Government’s circular economy strategy, Making Things Last, to identify new skills needs for repurposing energy infrastructure and co-ordinate work to develop the skills required for a more circular economy across sectors.

The Circular Economy Investment Fund is open to applications from energy projects which demonstrate innovative and cost-competitive circular approaches to infrastructure design, operation and decommissioning. These include, but are not limited to:

  • Wind turbine blade reprocessing solutions
  • Repurposing of decommissioned oil and gas platform steel in the construction sector
  • Reconditioning, re-certifying and re-using highly-standardised components from end of life oil and gas platforms into new installations
  • End-of-life reprocessing & repurposing solutions for heating systems, such asgas boilers
  • Digital monitoring, maintenance and predictive remanufacturing of energy asset components.

In addition to funding transformative projects through the Circular Economy Investment Fund, Zero Waste Scotland also offers expert one-to-one support to businesses to consider more circular business models through its Circular Economy Business Support Service.

For more information about the Circular Economy Investment Fund, or to apply, visit www.zerowastescotland.org.uk/circular-economy/investment-fund-energy-infrastructure. Applications under this round of funding will close on 4 December 2017.

 

Notes For Editors

Editor’s Notes

  • Oil & Gas UK’s Decommissioning Insight Reports in 2013 and 2015 estimate the total value of decommissioning across the North Sea to 2040 at £46billion.

     

  • Zero Waste Scotland exists to create a society where resources are valued and nothing is wasted. Our goal is to help Scotland realise the economic, environmental and social benefits of making best use of the world’s limited natural resources. We are funded to support delivery of the Scottish Government’s circular economy strategy and the EU Action Plan for the Circular Economy.
  • Zero Waste Scotland launched the Resource Efficient Scotland programme in 2013 to help small to medium sized businesses and organisations save money and energy by using resources more efficiently. It is funded by the European Structural Funds Programme and the Scottish Government. Find out more at www.resourceefficientscotland.org.uk
  • The Resource Efficient Circular Economy Accelerator Programme Fund is administered by Zero Waste Scotland on behalf of the Scottish Government. It is part-funded by the European Regional Development Fund (ERDF).
  • The Scottish Government is the Managing Authority for the European Structural Funds 2014-20 Programme. For further information visit the website or follow @scotgovESIF.
  • More information on all Zero Waste Scotland’s programmes can be found at www.zerowastescotland.org.uk. You can also keep up to date with the latest from Zero Waste Scotland though via our social media channels - Twitter | Facebook | Google Plus | LinkedIn

     

    For media enquiries contact:

    Claire Munro, PR Manager                                                                                                 t: 07702 976594
    e: claire.munro@zerowastescotland.org.uk

     

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