The initiative will look at different ways businesses can innovate and incorporate new design and technology, thinking through the adoption of new business models, including circular economy strategies. A circular economy is one in which every product is created with the intent of extending its life span – a direct challenge to the ‘take, make, dispose’ mentality.
Circular Glasgow complements Zero Waste Scotland’s and the Scottish Government’s nationwide support for SMEs to develop circular economy business ideas, including its £18 million Circular Economy Investment Fund and Circular Economy Business Support Service. Both are supported by the European Regional Development Fund through the £73million Resource Efficiency Circular Economy Accelerator Programme.