Business Support Fund Stream 2: Implement a Circular Economy Business case (Australia)

Deadline: 7-Jul-22

The State Government of Victoria is accepting applications for the 2nd round of Business Support Fund Stream 2: Implement a circular economy business case.

The primary goal of this fund is to avoid waste in Victoria, which includes improved Materials Efficiency and upcycling.

The Business Support Fund supports the development and implementation of Circular economy Business models and practices that avoid waste generation in Victoria.

Circular economy Business models and practices are those that design out waste and pollution, extend the use of products and materials, and regenerate natural systems. They transform how we make and use products.

The Business Support Fund supports circular Business models and practices that avoid waste in Victoria. The Circular economy Business models supported by the Fund include:

Product Life Extension models that extend the useful life of products and materials
Sharing models that enable increased use of products by making possible shared use, access or ownership
Product as a Service models that replace product ownership with services, often via a subscription service
Resource Recovery models which are limited (in this fund) to those focused on upcycling pre-consumer food or Textile waste.

Details

The Circular economy Business practices supported by the Fund include:

Materials Efficiency: improved processes to reduce waste in the production of products and services
Circular design and marketing: design and marketing to improve Resource Efficiency and extend the life and value of products and materials during their Use phase, including certification schemes
Product stewardship: taking responsibility for the product during the Use phase
Waste avoidance: practices that avoid waste of products and materials in the supply chain
Circular economy enablers: supply or adoption of processes, technologies, training and advice.

Funding Information

Each project can receive a grant between $50,000 and $1,000,000, depending on the amount of waste the project will avoid each year:

At least 500 tonnes of waste (grants of up to $500,000 are available)
At least 7500 tonnes of waste (grants of up to $1,000,000 are available).

Eligible Projects

Projects eligible for funding include those that:

Avoid waste of products and materials
Extend the useful life of products
Increase shared use, access or ownership of products
Replace products with services
Produce products and services using less materials
Upcycle pre-consumer food or Textile waste.

Eligibility Criteria

Applicants may apply as either as a single organisation, or as a collaborative project with multiple organisations.

Lead Applicant

Only the following organisations can apply as a lead applicant to the Business Support Fund.

Commercial / For-profit Businesses including:
Companies
Trusts
Co-operatives
Indigenous corporations
Joint ventures
Social Enterprises
Industry groups and Associations

The Lead Applicant must also:

Have a current Australian Business Number (ABN)
Have been operating for a minimum of 2 years by the application closing date (to be validated by the date that the organisation’s ABN is active from)
Meet or exceed the minimum Co-contribution requirements
Lead any Collaborative Partnership according to requirements
Agree to comply with the Terms of Participation in Grant Programs
Agree to comply with the funding terms and conditions as per the General grant funding agreement.

Collaborative Partner(s) (optional)

Applicants may establish collaborative relationships with other organisations as required to support project delivery. These other organisations will be considered as Collaborative Partners.
The Contracting Party may choose to have one or more Collaborative Partner(s). This is optional.

The Collaborative Partner can be from any organisation that has: