IndiNature is 50th Investment for Zero Waste Scotland
IndiNature Awarded Landmark 50th Investment from Circular Economy Investment Fund
IndiNature has been awarded an £803,000 grant from the Circular Economy Investment Fund (CEIF), a European Regional Development Fund (ERDF) administered by Zero Waste Scotland. The fund invests in innovative circular economy businesses to reduce waste and carbon emissions, attract further investment and create jobs across Scotland. The grant is the 50th awarded from the Circular Economy Investment Fund and one of the largest.
On being awarded the grant, Scott Simpson, CEO, said: “IndiNature has industrial-scale solutions for the three biggest environmental challenges in the construction industry: resources, carbon and waste. By using renewable natural resources, a net storage of carbon and a circular product with no waste, IndiNature helps developers construct healthy buildings which are good for the planet.
“With the support of the CEIF, we are proud to be able to provide local manufacturing jobs and support local farm suppliers in rural economies. This fund has been critical to support businesses like ours taking innovation risks in order to make positive impacts on communities and the planet.”
Jane Stewart, who was recently appointed as chair of the CEIF, said IndiNature was a leading example of how Scottish firms were already doing business differently to help overcome the coronavirus pandemic and the climate crisis by ‘Building Back Better’.
She said: “IndiNature is a fantastic example of a company that has embedded circular economy principles throughout its operations – from its raw material to its manufacturing process and right through to second life opportunities for its products.
“The company is working proof that, even in challenging times, circular economy business models can have benefits for the environment and the wider economy as part of the new Green Recovery whilst also making good business sense with positive financial impact for business individually and collectively.”
Read more:
Press Release / Zero Waste Scotland
