The Waste Electrical and Electronic Equipment (WEEE) has announced a grants and loans package to support the electrical waste recycling sector during the coronavirus crisis.
Support Fund For Electrical Waste Recycling
As many household waste recycling centres are closed and waste electrical collections have reduced, there has been a reduction in the flow of electricals for reuse and recycling. The “Support Grants and Loans Package” will help to support the continuation of the UK electrical waste recycling system as the sector manages the impact of COVID-19.
The funding provides £5 million of interest-free loans to waste treatment facilities and £0.6 million in grants to charities that organise reuse. The WEEE Fund is allocated on behalf of the 2019 Compliance Fee Advisory Panel, following consultation and research with electrical waste recycling organisations which identified the economic impact that the coronavirus is having on the sector.
Scott Butler, the Executive Director of the WEEE Fund, said: “This fund that has been made available to offer rapid help and support to the electrical waste recycling sector as a result of the coronavirus. The loans are 100% backed by the WEEE Fund which is funded by the producers of electricals. We have designed the process of application to ensure speedy funding allocation, and included other support for recycling and re-use organisations.”
Rebecca Pow, the Environment Minister said: “Across the waste sector, I am hugely grateful for the enormous effort that is being put in to keep services running; and in these unprecedented times I understand the pressure that the industry is under. This fund will help it to weather the effects of the Covid-19 outbreak, and enable people to do the right thing by recycling more.”
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