A company that recycles used coffee grounds is one of three businesses sharing funding of more than £700,000 to help boost Scotland’s circular economy.
Nicola Sturgeon will announce the investment in an address to the Circular Economy Hotspot event taking place in Glasgow on Wednesday.
Analysis commissioned by Zero Waste Scotland suggests that a circular approach by businesses could be worth a potential £1 billion to the north-east and Tayside economies.
The latest businesses to receive support through a dedicated investment fund are Total Homes, which carries out house clearances for housing associations in Glasgow and ensures appliances and furniture are re-used, and Revive Eco in Glasgow, which collects used coffee grounds and recycles them for use in a range of products, including cosmetics and pharmaceuticals.
Tayside start-up Angus 3D specialises in metal 3D printing technology, which can extend the lifespan of machinery by allowing obsolete parts to be manufactured from 3D scans.
The First Minister said: “It’s great to see projects like Total Homes, Revive Eco and Angus 3D embracing our circular economy and getting maximum value from resources.
“This £700,000 investment will help these businesses re-use and repurpose products which will benefit communities by creating jobs and reducing emissions.”
Zero Waste Scotland chief executive Iain Gulland said: “Our Circular Economy Investment Fund is helping to bring exciting new ideas to market and we are seeing ever greater interest from private backers, who recognise that the future is circular.
“The challenges in building a circular economy are big but they are only matched by the potential benefits to businesses, which could be up to £1 billion in Aberdeen and Aberdeenshire and Tayside alone.”