New Designs for a Circular Economy

New Designs for a Circular Economy

19 Sep 2012

The Government is to invest up to £1.25 million to stimulate innovation that will help improve the resource efficiency of UK companies and help contribute towards a resource-efficient, low-carbon economy.

The Technology Strategy Board (www.innovateuk.org) will run a funding competition and offer grant funding for feasibility studies into the re-design of products, components and systems to retain material within the economy over several cycles of use.  

This competition aims to stimulate innovation in design to address two high-level challenges:

-          reducing the global environmental impact of materials that we use;

-          reducing dependence on key raw materials, the supply of which is potentially at risk.

The feasibility projects must be business-led and may be collaborative or led by a single company.  All must involve a distinctive design contribution. Grants will not exceed £25,000.

The competition is open to all UK companies and has two rounds. The first opens on 29 October 2012 and applications must be received by 12 December 2012.  The second round opens on 11 February 2013 and applications must be submitted by 27 March 2013.  For further information please visit: RE Circular Economy.

View the press release including notes to editors here.

 

Last updated on Wednesday 19 September 2012 at 12:04

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