Advance London, a three-year support programme from the London Waste and Recycling Board (LWARB), was launched in earlier this year with the aim of helping small and medium-sized businesses (SMEs) to ‘go circular’.
Officially launched in April 2017 at London’s Living Room in City Hall, the scheme is jointly funded by the European Regional Development Fund and the LWARB – a statutory board established by the GLA Act 2007 and chaired by the Mayor of London.
The LWARB defines a circular economy as ‘one in which we keep resources in use for as long as possible’, with users extracting maximum value and then recovering and regenerating products and materials at the end of their life.
A circular economy is more efficient and environmentally friendly than a traditional linear economy, where resources are made, used and then disposed of. It’s something that Skip It is proud to be part of, recycling and reusing as much of the waste we collect as possible.
According to the LWARB, the many benefits businesses can expect to gain from taking advantage of the scheme include exploring new markets and revenue streams, increasing business resilience to volatile material prices and turning waste challenges into business opportunities.