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Industry growth summit planned

Defra and WRAP are holding a joint event later this month to discuss how to improve growth and investment in the waste and recycling industry.

Defra told MRW that a cross-departmental event was being planned “to talk about the barriers and solutions for private sector investment”. A spokesman said key stakeholders in the industry and investors will be meeting with Defra officials, and possibly representatives from the business department, on 22 May.

A Defra spokeswoman added: “The Government wants to understand better what can be done to encourage private sector investment, and this will be a real opportunity to listen directly to what the industry has to say.”

As MRW reported last month, despite predicted growth in the waste industry, there has been a recent dip in investor confidence to pre-recession levels. According to a Grant Thornton report, business deal volumes in 2012 were 39, the same as in 2008 but down on the 48 recorded in 2011.

Liz Goodwin, chief executive of WRAP, said: “The transition to a resource efficiency-focused economy presents significant growth opportunities for UK-based businesses, and ministers are keen to learn ways to harness this potential.

“Using WRAP’s expertise and contacts in the resource management sector, the Investor Symposium offers an ideal platform for the Government to hear industry leader thoughts on the challenges and solutions to unlock growth opportunities.”

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