Victorian Circular Economy Recycling Modernisation Fund

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What is the Victorian Circular Economy Recycling Modernisation Fund?

The Victorian Circular Economy Recycling Modernisation Fund provides grants of up to $1,000,000 to support projects aimed at enhancing recycling efforts in Victoria.

 

Background

The Victorian Circular Economy Recycling Modernisation Fund focuses on initiatives that target the improvement of recycling by upgrading infrastructure and technology. This includes investments in modernizing recycling facilities and equipment to optimize the recycling process. Additionally, the fund aims to increase the processing capacity of recycling facilities, enabling them to handle larger volumes of materials.

Another key objective of the fund is to promote the production of new products using recycled materials. By supporting projects that increase the amount of recycled materials being transformed into new products, the fund contributes to the development of a circular economy. This encourages the reuse and repurposing of materials, reducing waste and minimizing the reliance on virgin resources.

Overall, the Victorian Circular Economy Recycling Modernisation Fund plays a vital role in driving sustainable recycling practices in Victoria by facilitating infrastructure and technological advancements, expanding processing capabilities, and fostering the production of new products from recycled materials.

 

Objectives

Projects must meet one or more of the following objectives:

  • improve recycling outcomes by addressing critical infrastructure gaps in Australia’s waste management and resource recovery system including addressing Australia’s regional and rural waste challenges
  • increase the capacity for domestic reprocessing and manufacturing of materials affected by the national waste export ban, container deposit system and Victoria’s kerbside reform transition
  • increase the recovery and local reprocessing of the priority materials paper, cardboard, plastic and tyres
  • manage the priority materials in line with the waste hierarchy and export ban (excluding glass)
  • increase the use and market demand of recovered materials in manufacturing and to make new products
  • create jobs in the resource recovery sector
  • increase other economic development opportunities such as economic performance and growth of hubs
  • reduce the amount and environmental impact of waste going to landfill.

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Call 1300 658 508

Victorian Circular Economy Recycling Modernisation Fund

 

Outcomes

The Victorian Circular Economy Recycling Modernisation Fundaims to achieve the following outcomes:

  • diversify and attract new investment to increase the quality of materials recovered for recycling
  • attract reprocessing infrastructure to increase the quantity of materials re-entering manufacturing streams and improving the circularity of materials
  • support technologies and processes that provide new or improved recycling and manufacturing solutions.

 

Funding

Grants of between $50,000 and $1,000,000 (ex. GST) are available per project.

Applicants must meet the following minimum cash Co-contribution:

  • Businesses, local government, Social Enterprises and Not-for-profit organisations must co-contribute:
    • at least $2 for every $1 funded for for Applicants investing in eligible projects that address materials impacted by the national regulation of waste exports
    • at least $1 for every $1 funded for Applicants investing in eligible projects for mechanical decontamination of food and garden organics (FOGO) from kerbside.

 

Eligible Projects

Victorian Circular Economy Recycling Modernisation Funding will support projects activities that:

  • meet one or more of the fund objectives
  • increase processing capability and capacity to improve quality of materials for re-manufacture and/or use of one or more of the following materials subject to the national waste export ban:
    • mixed plastics that are not of a single resin/polymer type and/or further sorting, cleaning and processing is required before use in manufacturing
    • single resin/polymer plastics that have not been reprocessed (e.g. cleaned and baled PET bottles)
    • mixed and unsorted paper and cardboard
    • all whole used tyres or in pieces larger than 150 mm, including baled tyres, but not including bus, truck and aviation tyres exported for retreading to a verified retreading facility.

Project types:

  • Purchase, install and commission new equipment or technology or upgrade existing facilities to increase domestic reprocessing capacity and/or increase use of recycled content in manufacturing and/or infrastructure.

Project costs:

  • Capital purchases (e.g. infrastructure or equipment including mobile equipment to process materials on-site. Mobile equipment must remain in Victoria except for repair or servicing interstate).
  • Construction of buildings to house recycling infrastructure (from the laying of a slab to commissioning).

Funding will support projects that meet one or more of the fund objectives and focus on increasing processing capability and capacity to improve quality of materials for re-manufacture and/or use of one or more of the following materials subject to the national waste export ban:

Projects must:

  • be located in and service Victoria
  • source 50% or more of the project feedstock (materials) from Victorian sources
  • meet regulatory or planning requirements
  • be commissioned and operational by 1 June 2024
  • demonstrate market supply of the material feedstocks and demand for the processed products. Applications with secured feedstock and end markets will be assessed more favourably by the assessment panel.

Need Assistance?

Call 1300 658 508

Victorian Circular Economy Recycling Modernisation Fund

Eligible Applicants

Eligible organisations must be one of the following organisation types:

  • Australian businesses and local government that have existing reprocessing and remanufacturing facilities in Victoria.
  • Eligible Applicants may be consortia, however SV will only contract with one organisation. The consortium must name a lead partner who will enter into a funding agreement with SV (usually the partner purchasing the infrastructure). The consortium must be established at the date of application.

Victorian Circular Economy Recycling Modernisation Fund applicants must:

  • have a current Australian Business Number (ABN)
  • have been operating in Australia for a minimum of 12 months by the application closing date (to be validated by the date that the organisation’s ABN is active from)
  • be able to demonstrate financial viability to undertake the project (will meet or exceed the minimum co-contribution requirements)
  • agree to comply with the Terms of Participation in Grant Programs
  • agree to comply with the terms and conditions of the General grant funding agreement.

 

Timing

Round 4 applications close 11 August 2023.

 

More Information

Need Assistance?

Call 1300 658 508

Victorian Circular Economy Recycling Modernisation Fund

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