Announcing the Victorian Circular Economy Recycling Modernisation Fund

The Victorian Circular Economy Recycling Modernisation Fund aims to build the capacity, capability, and resilience of Victoria’s resource recovery sector, support businesses to respond to the national regulation of waste exports, increase the quality of materials for manufacturing and create jobs in the circular economy.

Projects should be focused on the purchase, installation, and commission of new equipment or technology or upgrade of existing facilities to increase domestic reprocessing capacity and/or improve the quality of material and/or increase the use of recycled content in manufacturing.

What are the eligibility criteria?

Applicants must be Australian businesses that have been operating for a minimum of two years. Projects must be located in Victoria and source 50% or more of the project materials from Victorian sources.

What funding is available?

Successful projects could receive a grant between $50,000 and $1m on a $1: $2 (Sustainability Vic: Applicant) basis.

What activities are eligible for funding?

Eligible projects should:
— Improve the recovery and local reprocessing of priority materials. This round includes mixed paper and cardboard, plastics wastes, tyres and glass.
— Improve recycling outcomes by addressing critical infrastructure gaps in Australia’s waste management and resource recovery system.
— Increase the capacity for domestic reprocessing and manufacturing of materials affected by the national regulation of waste exports, Container Deposit Scheme.
— Manage the priority materials in line with the waste hierarchy and national regulation of waste exports.
— Improve the quality of recovered materials to increase market uptake.
— Create jobs in the resource recovery sector.
— Reduce the amount and environmental impact of waste going to landfill.
Contact William Buck to learn more about accessing the Victorian Circular Economy Recycling Modernisation Fund and for further information about how we can help:

 

Berrin Daricili

Principal, R&D Incentives & Grants T: (03) 9824 8555

E: berrin.daricili@williambuck.com