More than 730,000 has come from the European Regional Development Fund and over 950,000 has come from the Welsh Assembly, for three years of the Trust's CWMre (Creating Welsh Markets for recyclate) programme.
This is the second phase of funding, to take the Trust up to 2007. The first phase, also worth 1.7 million, covered the period June 2001 – May 2004.
The programme provides specialised support to Welsh businesses that are seeking to or are currently: Supplying recyclate; collecting recyclate; reprocessing recyclate into recycled products; or purchasing recycled products.
Welsh environment minister, Carwyn Jones, said: “The success of the CWMre phase two bid demonstrates that the Trust is providing a competitive service to funding bodies, delivering strategic market development programmes for Wales.
The funding will enable the Trust, which has been likened to the Waste and Resources Action Programme, to continue providing its free support to small and medium sized enterprises (SMEs) in European Objective One areas of Wales.
Objective One has been defined as regions whose development is lagging behind, predominantly those in the South West of Wales such as Carmarthen, Pembroke and Angelsey.
For those areas, the CWMre targets – described as “ambitious” by the Trust – include 230,000 tonnes of recyclable materials diverted from landfill, increased recycling capacity of 425,000 tonnes and 25 million of private sector investment.
As well as receiving funding for the CWMre Initiative, the Trust is also funded by the Welsh Assembly to co-ordinate the Welsh National Composting Network, which WET said is important for achieving composting targets.
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