News: UK £3 million to 'enhance' remanufacturing
The London Development Agency (LDA) is investing almost £3 million in the UK capital city's recycling industry, including reprocessing and remanufacturing.
Friday, 5th January 2007
This investment is through its 'Enhance' business support programme. After receiving £1.8 million of funding in 2005, Enhance has received a further £925,000 revenue grant and will also manage a capital fund of £2 million to continue to support business expansion and develop the capital's recycling supply chain infrastructure. The range of services it will offer has increased so enhance will now support larger companies that are looking to expand their operations as well as continuing to develop and assist small and medium-sized enterprises (SMEs) and social enterprises. Helen Keenan, director of Product Development, London Development Agency, said: 'We recognise the importance of providing support to the sector to ensure that in the future London is able to manage its own waste. In its first 18 months, Enhance helped grow over 170 'green' enterprises. We're hoping the service will create another 20 new businesses and 200 jobs in London over the next 18 months. '
Jamie Blake, director of Resource Management, Enhance, said: 'With the London Development Agency's funding, Enhance will make a big difference in developing the capital's recycling, reprocessing and remanufacturing capacity. With 17 million tonnes of waste produced in London each year, we hope to make a major impact in helping create and attract new recycling businesses to London. Managing London's waste better, will contribute to combating climate change by reducing the amount of waste going to landfill, thus reducing carbon dioxide and methane emissions, as well as reducing the dependence on virgin materials. ' Businesses requiring assistance can apply online. Those that can make a positive contribution to London's economy and environment through their recycling, reprocessing or remanufacturing operations will be eligible for support. 'Enhance' will be looking to develop the skills of 400 people within the recycling sector and wants to engage with more enterprises that are led by women, black, Asian, minority ethnic, and disabled people.