A £5 million boost for recycling businesses in the West Midlands has been announced by the Waste & Resources Action Programme. Small-scale capital grants worth up to £187,000 and free business development services will be available under a programme run by WRAP on behalf of Advantage West Midlands.
The programme will run until 2011 and is open to companies investing in new or expanded waste processing capacity. Businesses can also apply for one of several large scale capital grants, worth up to 30 per cent of a projects capital costs.
WRAP data shows that the West Midlands sends several million tonnes of waste to landfill annually, at a cost of up to £250 million to businesses and local authorities.
A study by AWM and the Regional Technical Advisory Body on Waste predicted a waste infrastructure capacity gap of 3.7 million tonnes by 2020 if the regions waste sector didnt get much needed support.
AWM corporate director for economic regeneration Mark Pearce said: Escalating waste costs pose a serious economic risk to businesses and local authorities. This new initiative will help increase the productivity of existing recycling businesses and help attract new investment into the region.
WRAP director of business growth Steve Creed said: At a time when there is a real need for businesses to put in place strategies to secure and consolidate their operations, these grants and accompanying business development support will give recycling firms an important resource.
Increasing the capacity and scope of waste sector services in the region will provide businesses with more cost effective routes for disposing of their commercial and industrial waste.
Image: WRAP's Julia Turner and AWM's Mark Pearce