WRAP Cymru reports:

The report Employment and the circular economy: job creation in a more resource efficient Britain indicates that development of resource efficiency, unlike other industrial transitions, requires more labour. Significantly, regions where unemployment is higher, such as the North East and West Midlands could see the greatest impact in job creation, especially among low to mid skilled occupations where job losses are projected for the future. On the current development path the 2030 the sector could:
  • require an extra 205,000 jobs
  • reduce unemployment by around 54,000
  • offset 11 per cent of future job losses in skilled employment
A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extracting the maximum value from them whilst in use, then recovering and reusing products and materials. Examples of circular business models include designing goods to last longer, which can lead to greater reuse; greater repairability which can support the growing remanufacturing industry; and allowing for easy recovery of materials when a product is eventually recycled. Service models, which could include product maintenance and take back schemes as well as rental and peer-to-peer sharing models, also hold much potential. The report can be downloaded from the WRAP website (see external link).

External Link