Changes to the Circular Economy Fund (Wales)

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Changes to the Circular Economy Fund (Wales)

Key Contact: Christian Farrow

Author: Chris Doherty

Waste and Resources Action Programme Cymru (WRAP) has announced changes to its £6.5 million Circular Economy Fund.

WRAP has extended the scope of its funding beyond funding the use of recycled materials in products, so that it will now be available to “organisations seeking to support the preparation of materials for reuse, refurbishment and re-manufacturing activities in Wales”. This includes the production of sustainable goods to aid the global fight against COVID-19.

Organisations of any size, which are operating in Wales, may apply for a capital grants of between £6,000 and £750,000 to invest in infrastructure and equipment for eligible projects. 

Eligible projects are projects which:

  • increase the use of recycled plastic, paper / card or textiles in existing or new products (projects seeking to use other recycled materials will be considered on a case-by-case basis); or
  • extend the life-time of products / materials through preparation for re-use, refurbishment or re-manufacturing activities.

UK aid for Charities

Barclays will be making 100 donations of £100,000 each to UK charities working to support vulnerable communities impacted by COVID-19, and the associated social and economic hardship caused by the crisis.

Funding will be focused on supporting charity partners who are meeting the immediate needs of people in our communities, including low income families, those facing financial hardship, isolated elderly people and key workers.

UK registered charities can apply for a donation through the Barclays website, with the closing date for applications being  Friday 22 May 2020.

From 18 May 2020, small and medium-sized UK charities may apply for grants of up to £4 million through the UK Aid Direct scheme in order to fund programmes which are focused on tackling the Coronavirus outbreak in the 50 lowest countries in the UN Human Development Index and countries which the Department of International Development consider to be of high or moderate fragility. Grants of up to £50,000 are also available through the Small Charities Challenge Fund for UK charities with an annual income of £250,000 or less that work towards addressing the Sustainable Development Goals in priority countries.  

Please see our daily updated Financial Support Guide for Businesses for further information- COVID-19 FINANCIAL SUPPORT FOR BUSINESSES

For more information on any of the points raised, please contact our corporate team.

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