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Sharing resources

Sharing resources is a central idea underpinning circular economy thinking because if resources are shared, we need less resources in the first place. 

There are three key business models which are built on the principle of sharing resources.

  • Collaborative consumption - Rental or sharing of products between members of the public or businesses, known as “peer-to-peer”
  • Hire/leasing - Long-term hire or leasing of products as an alternative to purchasing.
  • Performance service system - 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.

Can your business benefit from shared resources?

Interested in how your business can benefit and grow from the use of shared resources?  Complete the following form and the Business Support Service team shall get in touch.


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