A new £50 million business plan to boost London’s recycling efforts and the development of the circular economy has been launched.
It covers the period between 2017 and 2020 and sets out how the London Waste and Recycling Board (LWARB) will contribute to the capital’s aim of recycling 65% of waste by 2030.
Circular economy is an approach that encourages keeping resources in circulation instead of being burned or ending their life in landfill.
A new ‘Flats Taskforce’ will be launched in the summer to help Londoners living in blocks of flats to recycle more.
LWARB will contribute £1 million to the taskforce and will be looking for partners to contribute additional income.
Shirley Rodrigues, Deputy Mayor for Environment and Energy said: “This dynamic business plan will help accelerate local recycling rates, boost green businesses and cut waste across London. We need to make reducing waste easier and I’m really pleased LWARB will be investigating new ways to help the thousands of Londoners living in flats gain better access to recycling facilities.
“It is really important to support the rapid growth of reuse, regenerate the circular economy and help new businesses succeed in this exciting sector.”
The Welsh Government has also announced plans to invest £6.5 million in circular economy projects.
This week the European Parliament backed more ambitious recycling targets, setting Europe to drastically reduce using landfills for waste.