Investment opportunities for recycling plastics unwrapped

Published

17th September 2012

Companies that can recycle plastics, including cling film and uPVC windows, are eligible for a new investment from the Scottish Government..

A new £2.5 million loan fund offers direct financial support to organisations to develop plastics sorting and reprocessing facilities in Scotland. The fund will be administered by Zero Waste Scotland and Scottish Enterprise.

The fund builds on recent studies to identify viable business opportunities to boost plastics recycling in Scotland. It will support a range of projects covering different types of plastic products, from plastic bottles and rigid plastics like yoghurt pots to those that have traditionally been more difficult to recycle, like plastic films, uPVC window and door frames and plastics from waste electrical equipment.

Scotland generated around 500,000 tonnes of waste plastic last year. Only around one-fifth of this was able to be recycled and most of this was sent to facilities in England or overseas. Expanding the country's capacity to recycle plastic could create hundreds of new jobs, boost Scotland's economy, and help to meet the Scottish Government's target to recycle 70 per cent of all waste by 2025.

The Waste (Scotland) Regulations, recently approved by parliament, will make sure more and more recyclable materials are collected from homes and businesses

Back to news