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Circular economy: What you need to know

Learn what the circular economy is and how it can help you to offset your production costs and take advantage of supply chain opportunities.

The UK Government is looking to transition towards a more circular economic model. This will reduce our consumption of virgin raw materials and send less refuse to landfill. It will also provide opportunities for businesses to offset their production costs or even take advantage of supply chain opportunities.

What is the circular economy?

The circular economy is a system where materials are kept in circulation for as long as possible through processes such as maintenance, reuse, refurbishment, remanufacture, recycling and composting.

As much as possible, a circular economy model avoids consuming new resources, because this is inefficient and damaging to the environment. Reusing and adapting materials extends the life of products, reduces our reliance on resources and provides more opportunities for businesses to serve the supply chain.

Adopting a circular economy model can make your business more resilient in times of uncertainty. It can also reduce your environmental impact by reducing your waste and limiting your reliance on virgin raw materials.

View the principles of a circular economy on the Greengain website.

View actions to support the circular economy in the butterfly diagram.

What are we doing to support the circular economy? 

Through our Climate and Environment Plan we will support opportunities to develop the circular economy in West Yorkshire. We have committed to becoming a net zero carbon region by 2038. 

We offer advice and funded audits to help SMEs on their journey towards a more circular economy. If you’d like to know more about how to get involved, speak to us today by emailing our team.

What can I do to support the circular economy?

There are several initial steps you can take to adopt a more circular economy model. This includes:

  • Design for circularity: Focus on making products that are tough, reparable, and recyclable. If you keep end-of-life considerations in mind, you can minimise waste and maximise resource efficiency.
  • Create circular ecosystems: Find opportunities to partner with other businesses so you can exchange and reuse materials. These partnerships can reduce waste and create new revenue streams for the businesses involved.
  • Promote resource recovery: Find ways to recover useful resources or energy from products that would normally be sent to waste.

How do I get started? 

There are lots of resources to help you adopt a more circular model:  

  • The Ellen MacArthur Foundation offers an extensive array of guides and toolkits. This includes practical guides for businesses on how to develop circular design principles and strategies.
  • Saxion University of Applied Sciences offers free interactive tools to develop a circular business model. These include the Quickscan Circular Business Model (CBM) and a customisable business model template.
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