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Final funding allocated by CRED

The Big Lottery Fund’s Community Recycling and Economic Development (CRED) programme has now allocated its remaining funding – over £4 million.

Funding has been allocated to 31 projects, and brings the total amount awarded since the programme began in January 2003 to £33,492,638 spread across 202 projects.

CRED aims to improve the quality of life in communities in England through establishing new waste recycling, reuse or composting projects in areas where they do not exist, or to expand existing schemes. With the deadline for final funding requests last August, all CRED funded project work must be completed by the end of 2007.

In total 125 reuse projects, 44 recycling projects and 33 composting projects have benefited. But CRED said the programme could potentially have doubled the money it allocated, as it had received a total of 457 applications requesting £76,820,313.

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