Scotland offers £18m for the circular economy

Scottish energy businesses can now access up to £1 million of funding each to unlock new, sustainable opportunities for development. A total of £18 million worth of funding is available, […]

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By Jonny Bairstow

Scottish energy businesses can now access up to £1 million of funding each to unlock new, sustainable opportunities for development.

A total of £18 million worth of funding is available, provided by Zero Waste Scotland, the Scottish Government and the European Regional Development Fund (ERDF).

Firms with innovative ideas to help future-proof the industry are being urged to get involved alongside their supply chains and work to deliver circular economy growth.

A circular economy is one where products and services are designed to keep materials in use for as long as possible – Zero Waste Scotland says it could realise huge economic and environmental benefits, as well as increase the resilience of individual businesses.

Areas of interest include solutions to reprocess old turbine blades, reuse steel from decommissioned oil and gas platforms and find new ways components from the oil and gas industry, as well as heating systems such as boilers, can be repurposed.

The fund also hopes to see advances in digital technology to monitor and maintain energy infrastructure.