The Scottish National Investment Bank has committed £9m to fund the development of Circularity Scotland, which aims to help people recycle billions of single-use drinks containers each year.
The investment was key to securing an additional £9m capital from Bank of Scotland. Together, the investments will fund the start-up costs of the administrator for Scotland’s Deposit Return Scheme, which is set to go live next August.
The much-delayed Deposit Return Scheme should support Scottish Government efforts to help households to return empty, single-use containers for collection for recycling.
