1. Circular Economy Investment Fund
CRNS Funding & Finance Seminar
25th April 2019
Zero Waste Scotland
Our goal is to help Scotland realise the economic, environmental and social benefits of making best use of the world’s limited natural resources.
Influence and enable change
Direct interventions to effect change, commonly in the form of finance, business support, technical advice and training.
Will Myles
Project Manager
Circular Economy Investment Fund

2. Circular Economy Investment Fund
MAKING THINGS LAST
KEEPING ITEMS IN CIRCULATION AT THE HIGHEST POSSIBLE VALUE THROUGHOUT IT’S LIFESPAN
MAKING THINGS LAST, SCOTLAND’S CIRCULAR ECONOMY STRATEGY.
EXAMPLES OF CE
ALTERNAITVE OWNERSHIP & LEASING MODELS
SERVICES
SHARING
RE-USE AND REPAIR OF GOODS
RECYCLING
CEIF
THE CIRCULAR ECONOMY INVESTMENT FUND SEEKS TO SUPPORT WORK THAT WILL HELP ACCELERATE GROWTH OF THE CIRCULAR ECONOMY ACTIVITY IN SCOTLAND
THIS FUND COMPRISES SUPPORT FROM THE SCOTTISH GOVERNMENT AND THE EUROPEAN REGIONAL DEVELOPMENT FUND.
ADMINISTERED BY ZERO WASTE SCOTLAND, OFFERS INVESTMENT FOR SMES BASED IN SCOTLAND
RESOURCE EFFICIENCY CIRCULAR ECONOMY ACCELERATOR PROGRAMME.

3. Investment £50K TO £1M OF PUBLIC FUNDING
ELIGIBLE OPERATIONAL AND CAPITAL COSTS
ELIGIBLE COSTS BASED ON NATIONAL RULES – PURCHASE OF VEHICLES, 100% STAFF & OVERHEADS
ACTIVITY
FUNDING MECHANISMS
STATE AID EXEMPTION
DE MINIMIS
GBER – 47, 17, 18, 25

4. Eligibility SME AS LEAD
LESS THAN 250 EMPLOYEES & LESS THAN €50M TURNOVER
THIRD SECTOR & CIC INCLUDED AS LONG AS MEET SME CRITERIA
ACTIVITY
CONTRIBUTE TO THE CE THROUGH THE SAVING OF CARBON AND/OR ADD VALUE TO A WASTE PRODUCT – SEE NEXT SLIDE
MEET AT LEAST 1 OF THE OBJECTIVES – SEE NEXT SLIDE
DEMONSTRATED PROOF OF CONCEPT (E.G. FEASIBILITY COMPLETE) – WELL ALONG PATHWAY
COMMERCIAL SCALE DEVELOPMENT
ADDITIONAL & NOT DISPLACEMENT
NEW NOT BUSINESS AS USUAL
YOUR IMPACTS MUST BE LINKED TO THE FUNDED ACTIVITY
sectors – other would be considered
Bio economy (food and drink) – NOT FOOD PRODUCTION
Built environment (construction and demolition).
Energy infrastructure (oil and gas decommissioning, renewables, transmission).
Remanufacture
Re-use & Repair
EFW/BURNING MATERIALS NOT IN SCOPE

5. Carbon Jobs Investment
DELIVER ON THESE METRICS – THESE MUST BE STATED AT STAGE 1 & EVIDENCE AT STAGE 2
CARBON DIVERSION
DIVERSION OF WASTE MATERIALS FROM A LOW VALUE OR CARBON GENERATING ACTIVITY
ADDING VALUE TO A WASTE PRODUCT
JOB CREATION
NEW
VOLUNTARY
TRAINING
PRIVATE LEVERAGED INVESTMENT
INTERNAL
EXTERNAL

6. Innovation Collaboration Commercialisation
OBJECTIVES OF THE FUND
INNOVATION
NEW ACTIVITY IN SCOTLAND
APPLICANT MUST EXPLAIN AND DEMONSTRATE THAT THEY MEET THIS CRITERIA THROUGH THEIR OWN MEANS – E.G. MARKET RESEARCH, TESTING
THIS IS NOT BAU, ASSET REPLACEMENT, CONTINUITY FUNDING
COLLABORATION
SMES TOGETHER E.G. CRNS CONSORTIUM
SME LEAD – CANNOT BE NON-SME OR PUBLIC SECTOR
CAN BE A COLLABORATION ACROSS A SUPPLY CHAIN AND INCLUDE THE ABOVE
COMMERCIALISATION
PRESENT FINANCIAL MODEL FOR AT LEAST 3 YEARS
INCOME
COSTS
CASH FLOWS
BASED ON ROBUST AND REALISTIC ASSUMPTIONS AND EVIDENCE
DEMONSTRATE A NEED FOR GRANT FUNDING TO ACCELERATE THE CE
PROJECTS SHOULD BE ATTRACTIVE TO FOLLOW ON INVESTMENT WITHIN 5 YEARS

7. Applications 2 STAGE PROCESS STAGE 1
INITIALLY AN OUTLINE PROJECT PROPOSAL IS SUBMITTED TO ASSESS ELIGIBILITY
SME
SCOPE OF ACTIVITY
WHILST THE FORM IS REASONABLY STRAIGHTFORWARD THE CORE IS A DESCRIPTION OF THE PROJECT OF AROUND 350 WORDS CLEARLY STATE
WHAT THE PROJECT IS
WHAT FUNDING IS FOR
WHAT IMPACTS
WHAT INNOVATION
WHAT STAGE
PANEL WHO WILL ASSESS BUSINESS AND PROJECT PROPOSAL (OBJECTIVES, CONTRIBUTION & STAGE)
30 WORKING DAYS TURNAROUND
OUTCOMES – REJECT, INVITE, CLARIFICATIONS, REFERRAL (CEBS, CEDG, SECTOR MANAGER, INNOVATION, OTHER FUNDS/ORGS)
STAGE 2
INVITED TO STAGE 2
BIG STEP UP IN DETAIL AND EVIDENCE
CASH FLOW MODEL
BUSINESS PLAN
ASSUMPTIONS IN DETAIL
EVIDENCE OF COLLABORATIONS AND COMMITMENTS FROM SUPPLY CHAIN
OFFTAKERS
60 WORKING DAYS
PANEL OUTCOMES
REJECT
CLARIFICATIONS
RECOMMEND FOR FUNDING
9-12 MONTHS FROM OPP TO PROJECT CONTRACTING TO COMMENCEMENT
FUND IS CURRENTLY OPEN FOR PROJECTS TO DRAW DOWN FUNDING UNTIL THE END OF JUNE 2023.
THIS IS NOT A CLOSING DATE FOR APPLICATIONS.
COMPETITIVE FUND – ONCE THE FUNDING IS ALL DRAWN DOWN IT WILL CLOSE
CURRENT STATUS – CONTRACTED 39 PROJECTS, C. £5.5M, 62K TONNES OF CO2, 160 NEW JOBS & INVESTMENT OVER £6M
PIPELINE OF STAGE 2 APPLICATIONS
BREXIT

8. Projects
Blythswood Care – bric a brac plus – identified a stream of unwanted products that could be captured, diverted from landfill & add value – supported to provide a collection service across chain of re-use outlets (mention Circulogic)
Move On – Wood Recycling project - identied a gap in the East Coast market as well as providing a particular focus on providing this collection and sales service to SMEs
Total Homes Cooperatives – Collaborative application – providing a service to housing associations and other social landlords – clean, clear and re-use as much as possible which improves on existing clear to landfill

9. Interested? Please contact us to find out more
Contact before you submit an application – discussing at an early stage allows us to understand what you want to do and you to understand the requirements & details
There may be other support available – CEBS, CEDG, Sector Manager, Innovation Workshops