Welsh funding boost for reprocessing infrastructure - 23 August, 2012.
Funding advice for Welsh waste companies is to be
offered in a bid to help them secure capital investment for future
infrastructure and reprocessing projects.
WRAP Cymru is to hold a series of seminars next month across the country,
coinciding with the third round of applications for grants from the
Accelerating Reprocessing Infrastructure Development (ARID) fund for large
scale infrastructure and reprocessing projects.
Through this fund, up to 40% of eligible capital expenditure is available, with
awards falling within the £250,000 to £500,000 range.
To be eligible for the support, businesses must employ fewer than 250 people,
have a turnover of less than €50m, operate in Wales' Convergence region,
reprocess commercial and industrial waste and/or work with certain waste
materials.
WRAP Cymru's European projects manager Bettina Gilbert said the aim of the ARID
project was to accelerate development of reprocessing capacity in Welsh areas
most in need of economic development.
"These events will give reprocessors the opportunity to get advice about
the application process, meet WRAP Cymru's business and markets team and find
out about other advice and support available," she said.
ARID is funded by the ERDF (European Regional Development Fund) through the
Welsh Government and runs to 2015. It also provides grants to manufacturers to
help boost the market for high quality recyclate in Wales.
Source: www.edie.net
23 August, 2012.