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Six steps to 500,000 jobs boost

Circular economy holds the key to post-COVID growth, says WRAP

Recycling more, making products easier to repair and renting or leasing rather than buying consumer goods could be the secret to boosting the UK economy post-COVID, according to experts from WRAP, the sustainability not-for-profit. And creating a circular economy where raw materials are kept in use for longer has the potential to create up to half a million new jobs.

WRAP today sets out six steps needed to set the UK economy back on track and safeguard natural resources:

  • Accelerate the move towards a circular economy, with a focus on those operations such as remanufacturing and repair which generate new net jobs and can help tackle structural unemployment.
  • Governments, regions, cities and regions throughout the UK adopting a ‘Target, Measure, Act’ approach to increasing the circularity of their activities/operations.
  • Defra and BEIS provide stakeholders with greater certainty by publishing progress reports on the implementation of the Resources & Waste, Industrial and Clean Growth strategies by the end of 2020.
  • Make UK Government support to businesses with a large material footprint contingent upon the businesses adopting a ‘Target, Measure, Act’ approach to increasing the circularity of their activities/operations.
  • Introduce targeted policy, financial and business support and citizen engagement to drive a more circular economy.
  • UK Government and the UK banking sector consider reviewing their approaches to providing financial support to businesses to ensure they are not disadvantaging circular businesses.
  • WRAP publishes its recommendations as an infographic, as well as a report aimed at policy-makers.Marcus Gover, WRAP CEO, said: “WRAP has a 20-year history of partnering with government, but never have we seen such a need – and such an opportunity – to adopt a circular economy in the UK. We urge policy makers here and internationally to recognise its potential as a catalyst for job creation and growth, and we call on them to take immediate steps to lock in circularity to their post-COVID recovery plans.”

    Publication date: 29/06/2020

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    This project has been co-funded with the support of the LIFE financial instrument of the European Union [LIFE17 ENV/ES/000438] Life programme

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    Last update: 2020-07-14