£3.8m fund to help Scottish businesses develop green infrastructure proposals is now open to develop or expand materials reprocessing capacity and remanufacturing facilities in Scotland.
Environment Secretary Richard Lochhead announced the Scottish Recycling Fund (SRF) at the Safeguarding Scotland’s Resources Conference at Dynamic Earth in Edinburgh.
The fund will make loans available to organisations interested in developing key sorting, repair and reprocessing capacity for waste materials in Scotland. Loans will also be available for bids from the remanufacture industry.
The Scottish Recycling Fund (SRF) is a £3.8m fund established by Zero Waste Scotland and Scottish Enterprise to develop or expand materials reprocessing capacity and remanufacturing facilities in Scotland.
Its aim is to develop or expand sorting, reuse / repair and reprocessing capacity for eligible waste materials in Scotland and also remanufacturing facilities.
Waste materials eligible for the fund are:
- plastics
- tyres
- textiles
- glass
- industrial food & drink processing waste
- waste electrical and electronic equipment
- plasterboard
The fund is able to offer loans, repayable over a 3-5 year period on commercial terms, to organisations that are interested in developing the relevant infrastructure in Scotland.
The specific objectives of the SRF are as follows:
- to establish key reprocessing infrastructure in Scotland
- to divert materials from landfill and other waste treatment into high value end uses and achieve related carbon savings
- to develop infrastructure for “problem waste streams” in Scotland
- to generate additional jobs and added value in Scotland from these activities
- to support a range of projects, which are unable to access funding from other commercial sources
- to help in the development of more circular business models in Scotland.
