The government is to invest up to £1.25m to stimulate innovation that will help improve the resource efficiency of UK companies and help contribute towards a resource efficient, low carbon economy.
The Technology Strategy Board is to run a funding competition and grants for feasibility studies into the re-design of products, components and systems to retain material within the economy over several cycles of use.
The feasibility projects must be business-led and may be collaborative or led by a single company. Grants will not exceed £25,000.
The competition is open to all UK companies and has two rounds. The first opens on 29 October 2012 and applications must be received by 12 December. The second round opens on 11 February 2013 and the closing date is 27 March 2013. For further information click here.