Victoria has launched its Circular Economy Business Innovation Centre which will fast-track the State’s recycling revolution.
The centre will work with a variety of businesses – from farms and cafes to factories and appliance shops – to streamline the way they operate, reduce waste, and improve efficiency.
It will undertake research and offer expert advice and resources through a virtual hub, facilitate collaboration and events, and offer grants and support for businesses.
It is part of Recycling Victoria – the Government’s action plan and investment of more than $300 million to transform the state’s recycling sector, create thousands of jobs and set Victoria up for a more sustainable future.
The first focus area of the centre will be reducing food and organic waste, which currently costs the Victorian economy over $6 billion each year.
The establishment the centre is a further boost to Victoria’s nation leading waste and resource recovery sector.
Victoria is aiming to grow resource recovery in the state, generating up to $5 billion in opportunities for infrastructure investment by 2044.
This equates to $120–167 million in annual investment opportunities in financing technology, infrastructure and expertise to significantly improve Victoria’s resource recovery.
To explore opportunities in Victoria’s waste recovery sector, contact us.