Sustainability Victoria will provide more than $8 million in funding to 45 new projects through the Circular Economy Markets Fund, to help accelerate the state’s circular economy transformation.
These include 22 projects that will share in $4,960,000 of funding through the Circular Economy Markets Fund: Materials, which supports research institutes, industry and businesses in developing and commercialising new uses for recycled materials.
A further nine projects will receive more than $1.5 million to avoid waste and increase materials efficiency through the Circular Economy Business Support Fund, across both identification and implementation streams.
The Circular Economy Markets Fund: Organics will provide $1.87 million to 14 projects that remove barriers and accelerate the adoption of recycled organic products, including developing a market for compost suitable for use on sporting fields.
“These grants will help support innovative ways to use recycled materials, getting value from our waste and helping to achieve our goal of diverting 80 per cent of waste from landfill by 2030,” said Lily D’Ambrosio, Minister for the Environment and Climate Action.
“Building a circular economy isn’t only about recycling. We’re supporting new business models that avoid waste, making products that last while creating new jobs and industries.”
The grants form part of the Victorian Government’s $515 million investment to transform and reform the state’s waste and recycling system, with the goal of diverting 80 per cent of waste from landfill by 2030.
For more information, visit: www.sustainability.vic.gov.au
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