WRAP has launched a new £4m business development fund to boost those waste management and recycling businesses in the West Midlands focusing on hard to recycle materials.
Provided through European Regional Development Funding and WRAP, the fund will focus on developing infrastructure for mixed plastic, low grade wood, food waste, commercial and industrial (C&I) collections, food waste collections and energy-from-waste plants. Plants that deal with municipal and/or C&I waste will be accepted.
It is open for both small scale capital investments of up to £100,000 and large-scale investments of up to £500,000 to put towards the cost of the plant or equipment.
The success of the recent Advantage West Midlands (AWM) programme, which will see over one million extra tonnes of C&I waste recycled over four years, has inspired the new fund.
WRAP director of business resource efficiency Steve Creed said: “There is more to be done if all business in the West Midlands are to have economic options to recycle their waste by 2020. The new European funding will build on this success and provide an opportunity to create more jobs in the recycling sector while at the same time contributing to long-term sustainable growth of businesses in the West Midlands.”