- Posted by: Mike Hedges MS
- Category: Press Releases
Mike Hedges AM welcomes £6.5 million fund to further boost recycling rates
Local AM Mike Hedges for has welcomed a new £6.5 million Welsh Labour Government Circular Economy Fund.
The Circular Economy Fund will help Wales reach the milestones of 70% recycling by 2025 and 100% recycling by 2050, as set out in the Welsh Government’s waste strategy Towards Zero Waste.
A circular economy keeps resources in use as long as possible by recovering and regenerating materials at the end of their life instead of disposing of them.
Creating a circular economy for plastic waste is a huge opportunity for the economy of Swansea East, as well as benefiting the environment. It will help create and protect jobs in Swansea East and across Wales, by making our manufacturing companies more resource efficient and resilient and strengthening local supply chains.
The £6.5 million fund will offer grants to businesses of any size seeking capital investment funding to increase their use of recycled materials in manufactured products, components or packaging. WRAP Cymru will administer the fund on behalf of the Welsh Government.
Mike Hedges AM said “20 years of devolution has been 20 years of improving recycling rates, in Wales. Wales tops the table of UK nations when it comes to recycling.”
“There is always more to do and the announcement of this fund demonstrates that the Welsh Government are determined to take the next step.”
“I want to encourage manufacturers across Swansea East to find out more and take a look at the WRAP Cymru website on the Circular Economy Fund and consider the opportunities we can offer them.”
Wrap website http://www.wrapcymru.org.uk/