The Victorian Government is currently driving investment to facilitate research, expanding the local recycling processing and manufacturing industry. This initiative delivered by Sustainability Victoria is designed to create more products from recyclable materials and support new local jobs.
Sustainability Victoria (SV) currently is offering three grants to support waste management, resource recovery and recycling innovations and improvements.
Recycling Victoria – Business Support Fund
Applications are open now until 12 March 2021, and funding is available for feasibility and capital support via two streams:
>Identification Grants: $75,000 to $200,000 ($2:$1, SV:business) Funding is available to support projects that help businesses adapt and apply circular economy principles. Projects may involve materials efficiency, feasibility assessments, business case development and pilot trials.
> Implementation Grants: $100,000 to $500,000 ($1:$1, SV:business) Funding is available for individual businesses. Collaborative partnerships may apply for up to $1,000,000 for projects that will be implemented across multiple businesses.
Successful project applications must be able to improve or develop new circular economy-based products, services, markets and models. Funds may be used to support a range of essential activities including; materials efficiency, productivity upgrades, capital equipment purchases, and marketing new products.
Projects must deliver on at least one of the following key SV targets;
> Reducing or preventing waste by 750 tonnes per annum.
>Increasing upcycling by 750 tonnes per annum.
>Improving materials intensity of a service, model or product by 750 tonnes per annum.
>Increasing capacity to recycle materials and prevent waste by at least 2,500 tonnes per annum.
Recycling Victoria – Innovation Fund
Applications are open now until 15 February 2021. Funding is available to support innovative projects via two streams:
> Food Innovation: $75,000 to $150,000 ($1:$1) funding is available for collaborative projects that apply innovative circular economy business models and practices for food waste or for the food sector. The application must nominate a lead organisation and involve at least one other partner organisation.
> Collaborative Innovation: $150,000 to $450,000 ($1:$1) funding is available for collaborative partnerships that apply innovative circular economy business models and practices to address systemic barriers with innovative thinking and practice.
Full details for the new grants are available at SV Website.
If your business is interested in further information on any of these grants, or would like assistance completing an application, please contact the Equilibrium team on (03) 9372 5356 or at email@example.com
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