Circular & Foundational Economy Innovation across Wales delivered by the CEIC team
The CEIC programme brings organisations from all sectors across Wales together to create collaborative innovation networks that work towards implementing circular and foundational economy principles into their organisation for a more sustainable future.
To find out more about the programmes, please click here.
Introducing circular economy principles into your business offers a range of opportunities that can positively impact your bottom line, brand reputation, and long-term sustainability. Here’s why you should consider adopting circular economy principles:
Cost Savings
Optimise your resource use, extend the life of products and materials through strategies like repair, refurbishment, and remanufacturing, reducing the need for raw materials leading to lower production costs.
Competitive Advantage
Differentiate your business from competitors by demonstrating environmental responsibility and sustainability, enhancing your brand image.
Growth Opportunities
Encourage innovative product design and alternative business models, which can lead to new revenue streams and business growth.
Regulatory Compliance
Be better positioned to comply with evolving laws and regulations related to waste management, resource consumption, and emissions reduction.
Enhance Supply Chain Resilience
Strengthen your supply chain resilience by being more innovative and resource-efficient in the face of resource scarcity, geopolitical instability, and increasing climate-related natural disasters.