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Posted on Thursday, 14 July 2011 08:35AM by
As announced in the Government Review of Waste Policy in England 2011, the Waste Prevention Loan Fund (WPLF) has been established to enable organisations to introduce business models and processes which make more efficient use of material resources.

Examples of supported projects under the Fund may include product reuse, repair and upgrading services (eg through leasing), and materials recovery and reuse by the manufacturer.

In Phase 1 of the WPLF, the Fund will offer loans for business models which switch the focus from product consumption to service delivery for electrical & electronic products, clothing or furniture. Loans will be available to assist with cash flow for a business which is switching from generating immediate income through product sales to generating income from service delivery.

The value of the WPLF is £1 million. The minimum investment level is £20,000 and the maximum is £100,000.

Visit  http://www.wrap.org.uk/retail_supply_chain/home_electrical/wplf.html for more details.