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Edinburgh businesses to turn ‘waste into wealth’ with launch of Circular Edinburgh

A major new initiative to help small and medium enterprises (SMEs) in Edinburgh identify and capitalise on circular economy opportunities has now launched.

11 May 18

The capital is one of four Scottish regions selected in 2018 to receive free support and project funding for local businesses.

Circular Edinburgh is a joint initiative delivered by Zero Waste Scotland and Edinburgh Chamber of Commerce. The Chambers will deliver a range of local activities to help identify opportunities for local business, and direct them towards available support and funding. The initiative is backed by the Scottish Government and European Regional Development Fund (ERDF).

A circular economy is one in which we eradicate waste by keeping resources and products in use for as long as possible. It offers opportunities to Scottish business to develop new products and services which promote repeated use, not single-use – for example: leasing, repair, or take-back services, or designing new products from another industry’s ‘waste’ through effective collaboration.

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

“I’m delighted today to announce Zero Waste Scotland is joining forces with Edinburgh Chamber of Commerce to launch Circular Edinburgh, an ambitious initiative to unlock the potential for SMEs in the region, by thinking innovatively about business models.

“Circular Edinburgh is a terrific opportunity to help local businesses in making the transition to a circular economy, that has the potential to create jobs, support sustainable business models and help the environment and the economy. Across Scotland, a circular economy could generate £3billion of annual benefits.

“Scotland is at the cutting edge of developing a more circular economy, and was recently chosen to host the Circular Economy Hotspot Scotland, a major international trade mission, taking place later this year. Businesses are already capitalising on the vast benefits of being circular and, through new business models, are finding untapped opportunities for innovation and increased profitability, whilst addressing the issue of resource pressures.”

Liz McAreavey, Chief Executive, Edinburgh Chamber of Commerce, said:

“The Circular Economy will provide business with tremendous opportunities, in creating efficiencies, reducing waste, and in creating new products, services, wealth and jobs.

“The Chamber is delighted to be working with Zero Waste Scotland on a project to engage the Capital’s business community with these opportunities, and making a big contribution to future growth and sustainability.”

Circular Edinburgh complements Zero Waste Scotland’s nationwide support for SMEs to develop circular economy business ideas, including its £18million Circular Economy Investment Fund and Circular Economy Business Support Service

The initiative is part of the Resource Efficient Circular Economy Accelerator Programme, which will invest £27million in Scotland in circular economy projects until December 2019, thanks to support from the European Regional Development Fund (ERDF).

Zero Waste Scotland leads on delivery of the £73 million Resource Efficient Circular Economy Accelerator Programme, which aims to improve the economic performance of SMEs while at the same time reducing the impact of economic activity on the natural environment, supporting Scottish Government and EU policies.

For more information about Circular Edinburgh, please visit www.edinburghchamber.co.uk/circular-economy

Notes For Editors

Editor’s Notes

  • 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.
  • 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:

    Emma Reid, Marketing & Communications Manager, Edinburgh Chamber of Commerce

    t: 0131 221 2961

    e: Emma.Reid@edinburghchamber.co.uk

    Claire Munro, PR Manager, Zero Waste Scotland                                                                                                           
    m: 07702976594
    e: claire.munro@zerowastescotland.org.uk  

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