Funding Opportunity – Business Models for a Circular Economy

Funding Opportunity – Business Models for a Circular Economy

Up to £800k available for studies into business case for retaining value in durable goods through reuse, remanufacture or lease/maintenance.

From: Innovate UK

First published: 3 December 2014

Part of: Achieving strong and sustainable economic growth, Using Industrial Strategy to help the UK economy and business compete and grow,Investing in research, development and innovation, Reducing and managing waste, others

 

Up to £800k available for studies into business case for retaining value in durable goods through reuse, remanufacture or lease/maintenance.

Funding of up to £800k is available for business to explore commercial models for a circular economy of goods in which resources are kept in productive use for longer.

We are looking for projects that involve a partnership of businesses looking into the feasibility of new ways of working that retain value in durable goods through reuse, remanufacture or lease/maintenance

The circular economy represents a substantial opportunity for business. Researchers McKinsey estimate that significant adoption of circular business models worldwide could save as much as $520-630 billion a year.

Successful projects will include a business with a relationship with the final customer that can enable return of products.

Consortia will be asked to devise a pilot project to test the proposed new ways of working. We expect to support a small number of these pilot projects in a follow-up funding programme.

This competition opens for applicants on 2 March 2015. The deadline for registration is at noon on 8 April 2015.

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