Londons recycling sector will be boosted by a £3 million investment by the London Development Agency (LDA). The funds will go to Enhance, the business support programme aimed at developing the capitals recycling supply chain infrastructure.
Having received £1.8 million of funding in 2005, the programme has received a further £925,000 revenue grant and will also manage a capital fund of £2 million.
Enhance will offer more services, supporting larger companies looking to expand their operations as well as continuing to help and develop small and medium sized enterprises and social enterprises.
LDA director of product development Helen Keenan said: We recognise the importance of providing support to the sector to ensure that in the future London is able to manage its own waste. In its first 18 months, Enhance helped grow over 170 green enterprises. Were hoping the service will create another 20 new businesses and 200 jobs in London over the next 19 months.
Enhance director of resource management Jamie Blake added that the funding would make a big difference in developing the capitals recycling, reprocessing and remanufacturing capacity.
With 17 million tonnes of waste produced in London each year, we hope to make a major impact in helping create and attract new recycling businesses to London, Blake said.
Enhance will be looking to develop the skills of 400 people in the recycling sector and wants to engage more with enterprises led by women, black, Asian, minority ethnic and disabled people.
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