Ecosurety launches £1m ‘innovation fund’
Contributed by Ecosurety
Recycling compliance scheme Ecosurety has launched a £1 million fund to promote projects that “lessen the impact of electronic waste and packaging on the environment”.
The fund will be spread over three years and will favour “thoughtful innovation” in the waste and recycling sector. Ecosurety will be awarding up to £150,000 to each successful applicant.
Ecosurety considers this to be the first funding scheme of its kind. The £1 million will serve to promote creative solutions to challenges within the industry by providing a visible funding route for companies and charities, not-for-profits and academic institutions, with ideas for relevant research projects.
Such challenges include promoting awareness of reuse strategies and creating new recycling technologies to reduce packaging and WEEE waste. The applications will be judged by a panel of “high profile” judges from throughout the industry.
“The move to a circular economy for packaging, e-waste and batteries requires innovative and bold new thinking. The Ecosurety exploration fund will provide a much-needed springboard for pioneering ideas in this sector, and I’m excited to be a part of the panel,” said Peter Maddox, director of the Waste and Resources Action Programme (WRAP) and one of the judges on the panel.
Other judges include Mike Barry, a former director of sustainability at Marks and Spencer, and Libby Peake, senior policy advisor at the Green Alliance. The first of three application deadlines will be on Tuesday March 10, 2020, followed by two more over the three year scheme. These preliminary winners will be announced at an event in May 2020 and will have 12 months from the point of receiving the funding to complete their projects.
Ecosurety explained in a statement that it has worked with several businesses and charities that are researching ways of improving recycling in various industries, and have found several areas that they consider in need of updating.
Improvement of consumer, outdoor recycling and the collection of household electrical waste are among a few areas that are likely to receive funding if approached.
“The launch of the Ecosurety Exploration Fund is a hugely exciting step for our company. We encourage all organisations with eligible projects to apply to the Ecosurety Exploration Fund and look forward to reviewing the entries” said the CEO of Ecosurety James Piper.
Ecosurety describes itself as a “responsibility compliance scheme investing in quality recycling”, adding that it supports “investment into UK recycling projects through improved innovation and consumer awareness campaigns”.