Wales Circular Economy Fund Deliver Delivered b ed by WRAP Cymru - - PowerPoint PPT Presentation

Wales Circular Economy Fund

Deliver Delivered b ed by WRAP Cymru WRAP Cymru on behalf

• n behalf of the
• f the

We Welsh G Government

May 2019 May 2019

Cr Croeso

• eso

Bettina Gilbert Bettina Gilbert Pr Progr

• gramme

mme Manager Manager

WRAP’s vision is a world in which resources are used sustainably

Our mission is to accelerate the move to a sustainable resource- efficient economy through:

• Re-inventing how we design,

produce and sell products

• Re-thinking how we use and

consume products

• Re-defining what is possible

through re-use and recycling.

Find out more at wrap.org.uk

What does WRAP know about recycled content?

WRAP led work to develop the world’s first process to recycle HDPE milk bottles into food grade rHDPE for use in new milk bottles…

Using recycled polymers in new products: a business opportunity, WRAP 2014

…worked with Marks & Spencer, Coca-Cola Enterprises and Boots

• n the UK’s first trials

to use significant levels

• f recycled post

consumer material in PET packaging…

Using recycled content in plastic packaging: the benefits, WRAP 2007

But what are we doing now?

Together we can create a sustainable system for plastics

Ford Motor Company Sustainability Report 2016-17

What Progress is PACT Making?

• Significant changes to packaging placed on the market
• Nearly all grocery retailers have moved away from black plastics
• Consensus gained on which rigid plastics are recyclable
• Increased consumer awareness raising (on pack labelling)
• Research into difficult to treat materials and defining ‘problematic plastics’
• Guidance on polymer choices and recyclability of fibre based packaging
• Research on compostable packaging
• Evidence review, plastics packaging and fresh produce and retailers plastic free/loose veg initiatives
• Guidance on designing packaging for recyclability
• Development of consistent messaging for consumers
• Strategies for each recycled content and film & flexibles in development
• Waste compositional analysis of plastics packaging & plastic packaging flows report
• Citizen Engagement programme strategy and Recycle Now/Recycle for Wales campaigns
• Update to Plastics Market Situation Report
• UKRI/WRAP Circular Plastics Fund

To date, we have developed

50

seat fabrics made from at least 25% post-industrial or post- consumer recycled content, and currently use recycled seat fabrics in 12 vehicles

Ford Motor Company

Ford Motor Company Sustainability Report 2016-17

For the Sound Bar HT-XT2, about

71%

• f the plastics used in

the product is made of recycled plastic Sony Corporation

Sony Corporation

Nissan has started collecting discarded plastic bottle caps from its offices and some affiliated companies in Japan and recycling them as materials for automobile parts. Nissan

Nissan Global

We’re using more recycled content in our products For plastics, our goal is to reach

100%

from recycled or renewable sources by FY20 IKEA Group

IKEA Group Sustainability Report 2016

Plastics in Wales

400,000 tonnes of plastic waste arisings in Wales annually Towards a Plastics Route Map for Wales, WRAP Cymru 2018

Waste

Estimated 10% use of recycled plastics by Welsh manufacturing (primarily in packaging). Plastic Reprocessors and Manufacturers Welsh Mapping Exercise, Giraffe Consulting and Databuild, on behalf of WRAP Cymru 2017

Secondary Materials

Business Drivers

Plastics Tax, Producer Responsibility Reform, Deposit Return, EU Circular Economy Package…

Wales Circular Economy Fund Aims

• To help accelerate Wales’

shift towards a circular economy;

• Increase demand for

recycled materials;

• Keep valuable resources in

use; and

• Support the growth of

businesses operating in Wales.

Wales Circular Economy Fund

• £6.5m capital fund;
• Funded by the Welsh

Government;

• Delivered by WRAP Cymru;
• Runs from April 2019 –

March 2022.

Wales Circular Economy Fund Objectives

The objectives of the fund are to:

• Guarantee that a greater proportion of plastic produced in Wales is

re-used and recycled by Welsh manufacturing companies.

• Help ensure that products, components and packaging placed on

the market in Wales incorporate as much recycled materials as is technically and commercially possible.

• Allow for other innovative circular economy projects to apply and

be considered for funding (e.g. paper, textiles, etc).

Gr Grants ants Struct Structur ure Huw Llo Huw Lloyd Business Account Manager Business Account Manager

Circular Economy Fund Structure

• Capital grants to businesses of any size operating in Wales.
• Two types of grants:
• Small scale grants:

 £2m budget;  De minimis aid;  Aim to award all funding within 24 months of launch.

• Large scale grants:

 £4.5m budget;  GBER Article 47;  Aim to award all funding within 12 months of launch.

Small Scale Grants

• Structure:

 Grants from £25,000 to de minimis threshold €200,000;  Capital investment; bolt on equipment to increase capacity; small building works and installations;  50% match funding;  Rolling scheme (applicants can apply/submit at any time to WRAP Cymru;  On-line eligibility screening and downloadable application;  Quarterly assessment panel meetings.

Large Scale Grants

• Structure:

 From de minimis ceiling up to £750,000;  Up to 70% match funding depending on business size and location;  Capital investment e.g. to increase capacity; new capacity/product lines; infrastructure;  Competitive process – 3 call rounds;  2 stage process –

• 1. OPF and shortlisting (2 weeks);
• 2. Successful proposals invited to apply in full (8 weeks to

submit);  Response within 4-6 weeks of closing date.  On-site environmental assessment; guarantor arrangements completed prior to contracting.

Large Scale Grants

• Match Funding – Article 47 thresholds:
• http://www.ukassistedareasmap.com/

Application Supporting Information

• Three quotes are required for all purchases over £5,000;
• 3 or 5 year financial forecasts required;
• Copies of all relevant permits and licenses;
• 2 years full certified or audited accounts;
• State Aid declaration;
• Statement of material litigation;
• H&S and Environmental policies;
• Project plan and GANNT chart;
• Other supporting information (CVs, schematics, risk

assessment, etc.).

Circular Economy Further Information

Supporting Documentation:

• Guidance documents;
• Sample Terms and Conditions of Grant;
• FAQs.

Forms:

• CO2 Estimator;
• Financial Information;
• Cash Flow Forecast;
• Applicants Checklist.

Eligibility Criteria Eligibility Criteria Bettina Gilbert Bettina Gilbert Pr Progr

• gramme

mme Manager Manager

Eligibility Criteria

• Applicants / grant recipients must be a registered legal entity;
• Your project operation must be located in Wales;
• Must be sourcing waste materials from other undertakings /
• rganisations, i.e. not your own process waste;
• Materials being sourced for your product(s) or packaging must

meet the End of Waste test;

• The project will increase demand for recycled materials in products
• r packaging manufactured in Wales;
• The project must incorporate recycled plastic, paper/card, or

textiles into a new product or packaging;

Eligibility Criteria (continued)

• Projects must be delivered / installed and fully commissioned

within 6 - 12 months as agreed with WRAP Cymru from the date of contract, and no later than 31/01/2022;

• Applicants must be eligible to receive grant funding under De

Minimis State Aid rules;

• Grant recipients must have a UK-based bank account;
• If applicable, must demonstrate the need for a new facility locally

(for example where there are no similar facilities) and that your project will not simply displace existing capacity;

• Able to demonstrate that the project viability is dependent on

funding;

Eligibility Criteria (continued)

• Demonstrate clearly a secured input supply of recycled materials

required for the project;

• Demonstrate clearly arrangements for secured end-markets for
• utput products or packaging;
• Be commercially sustainable over the three-year term;
• All projects must be able to be measured and evaluated to

demonstrate the impact the project has achieved;

• Applicants will need to demonstrate they have the capability and

adequate resources in place to deliver the project;

Eligibility Criteria (continued)

• Applicants will be expected to share information in the

public domain about the achievement and results of their project;

• Match-funding must be secured prior to signing a grant

agreement;

• All insurance and compliance with legislated requirements,

including:

• Health & Safety, and Environment regulations (i.e. permits,

licences, planning permissions) are in place prior to signing a grant agreement.

Large Scale Grants

• Additional Eligibility Criteria

 Proposal must go beyond normal practice i.e. >30% rHDPE in milk bottles;  Projects should increase demand for recycling collections;  Investments must have a guarantor or WRAP may take first charge over assets;  Aim to award all funding within 12 months of launch.

Coffee Break

Application P Application Process

• cess

Bettina Gilbert Bettina Gilbert Pr Progr

• gramme

mme Manager Manager

Grants Process

WRAP Cymru Website Small Scale Grants Online Qualification Full Application Panel Assessment Panel Decision Contracting

WRAP Cymru Website Large Scale Grants OPF Panel Assessment Full Application Assessment Panel Stage 2 Environmental Assessment Contracting

Assessment

• Applications assessed by a panel of WRAP Cymru staff,

independent experts and Welsh Government representative;

• Assessed against published evaluation criteria;
• Proposals which best meet the criteria and programme
• bjectives are selected for funding;
• The Panel may request further information or invite

applicants to a meeting to discuss any points for clarification;

• We will inform all applicants of our decision in writing, and
• ffer feedback to unsuccessful applicants.

Small Scale Grants

Assessment Criteria:

Criteria Weighting

Feedstock materials and its use 15% Project activity and the extent to which it increases demand for and valorises recycled materials 15% With 10% uplift for plastic Applicant’s arrangements for sourcing input materials, in terms of reliability, viability, and quality 10% With 5% uplift for Wales Applicant’s end market arrangements for project outputs 10% Applicant’s ability to deliver the project and approach to project management 15% Financial robustness, value for money, financial viability 15% Environmental and H&S performance, compliance, risks and potential impacts. 5%

Large Scale Grants Assessment Criteria

Criteria Weighting

Feedstock materials and how its use will go beyond normal practice 15% Project activity and the extent to which it increases demand for and valorises recycled materials 15% With 10% uplift for plastic Applicant’s arrangements for sourcing input materials, in terms of reliability, viability, and quality 10% With 5% uplift for Wales Applicant’s end market arrangements for project

• utputs

10% Applicant’s ability to deliver the project and approach to project management 15% Financial robustness, value for money, financial viability 15% Environmental and H&S performance, compliance, risks and potential impacts. 5%

Successful Projects

• Contract will be drawn up;
• Payments made against agreed milestones & in line with

project spend profile;

• 10% retention to be paid on project completion;
• Draw down of grant following provision of evidence of

eligible costs defrayal and monitoring officer confirmation;

• Project monitor will be appointed to hold regular progress

meetings throughout the project.

Project Guarantors

• Safeguard Public money:

 Security for the value of funding support;

• Forms part of the contract.
• Options:

 Parent or Holding Company;  Bank bond (for duration of contract);  Letter of credit;  Third party company guarantee;  First charge of project assets.

• WRAP cannot accept personal guarantees.

Key Dates

Date Activity Events w/c 15/04/19 Launch of Circular Economy Fund 08/05/19 North Wales event 09/05/19 South Wales event 21/05/19 Webinar

Key Dates

Date (tbc) Activity Large Grant Calls 07/06/19 21/06/19 30/08/19 26/09/19 27/09/19 Deadline for OPFs OPFs assessed Deadline for submission of full applications Assessment panel Applicants notified of decision 16/08/19 30/08/19 25/10/19 27/11/19 28/11/19 Deadline for OPFs OPFs assessed Deadline for submission of full applications Assessment panel Applicants notified of decision 25/10/19 08/11/19 10/01/20 11/02/20 12/02/20 Deadline for OPFs OPFs assessed Deadline for submission of full applications Assessment panel Applicants notified of decision

Key Dates

Date (tbc) Activity Small Grant Calls 30/05/19 20/06/19 Deadline for submission of applications Quarterly assessment panel 30/08/19 20/09/19 Deadline for submission of applications Quarterly assessment panel 10/01/20 30/01/20 Deadline for submission of applications Quarterly assessment panel 10/03/20 30/03/20 Deadline for submission of applications Quarterly assessment panel tbc Small Grant calls dates for 2020/21

Circular Economy Fund Resources

WRAP Cymru’s website at: www.wrapcymru.org.uk/grants Linked In Showcase page:

https://www.linkedin.com/showcase/wrapcymru/

Twitter: @WRAP_Cymru

https://twitter.com/wrap_cymru?lang=en

Contact us

WRAP Cymru

Carlyle House Ty Carlyle 5-7 Cathedral Road 5-7 Heol y Gadeirlan Cardiff Caerdydd CF11 9HA 02920 100100 www.wrapcymru.org.uk CEFWales@wrap.org.uk

Circular Economy Fund Event

Chris Hayward 08/05/2019

developmentbank.wales

Vision

To be a unique resource for Wales, creating long‐term value in the Welsh economy. Enhancing a dynamic, competitive market.

Mission

We want to unlock potential in the Economy of Wales by increasing the provision of sustainable effective finance in the market.

Who we are

Our vision

1 billion pounds into the Welsh economy 1,400 businesses 20,000 jobs supporting who will create or safeguard

Our targets

What we will deliver

developmentbank.wales

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What we do

developmentbank.wales

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What we can offer our customers

developmentbank.wales

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Micro loans team

What we offer our customers

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 Cash contribution  Knowledge and sector experience  Viable business plan  Cash flow forecast  Order book /three months sales forecast

We have start‐up loans

developmentbank.wales

developmentbank.wales

Interest rates

Balanced for risk

4% ‐ 12%

Debt interest rates range from

7.3%

Current average across all loans

developmentbank.wales

How we can help

Premises New markets, products and services Succession and acquisition Marketing New stock and equipment New staff

developmentbank.wales

Our process

Managing the risk

• 1. Apply

 Online application  Referral

• 2. Assess

 Affordability  Viability

• 3. Approve

 Offer  Drawdown

• 4. Support

 Relationship management  Follow on funding

“We’re here to help your business succeed”

developmentbank.wales

developmentbank.wales

Contact

Emily Wood Micro Loans Investment Executive 02920 338 110 07880 358 489 emily.wood@developmentbank.wales Donna Strohmeyer Micro Loans Investment Executive 02920 338 102 07894 235 353 donna.strohmeyer@developmentbank.wales

developmentbank.wales

Thank you