Increase Investment Fund
Purpose of INCREASE Investment Fund
The purpose of this investment fund is to provide up to 50 per cent funding (there may be some flexibility in this apportionment at the discretion of Zero Waste Scotland and Social Investment Scotland) in the form of a grant and the balance in the form of a loan for not-for-profit community sector organisations to improve the waste prevention, recovery, recycling and / or re-use capability and infrastructure across Scotland. The loan component will be provided through Social Investment Scotland and the application process for both will be done simultaneously.
Aim of INCREASE Investment Fund
As part of its Zero Waste Strategy, the Scottish Government has identified a need to invest in waste prevention, recovery, recycling and/or re-use infrastructure across Scotland, in particular:
To develop and implement waste prevention strategies. For example, demonstrable and measureable behavioural change and education and awareness raising of waste prevention activities such as ‘mend and lend’, hiring, food planning and other efficiency measures.
To increase the recovery of household and commercial and industrial items for reprocessing, recycling and/or re-use.;
To fill gaps in collection, recycling and re-use service provision (as identified by Zero Waste Scotland both geographically and by material type); This programme is open to those community organisations who want to increase or expand their existing services and or who want to offer a new service.
To be eligible for a grant and loan you must meet all of the following criteria:
The project must be fully operational by 31st March 2011.
Proposals must be submitted by a Scottish based community sector organisation. The programme defines community sector organisation as ‘a non-profit distributing organisation, which provides added value services to communities’. All organisations applying to INCREASE III must be constituted and have a bank account in the UK.
Applicants must be able to demonstrate that they are unlikely to be able to secure a loan from a commercial financial institution in order to justify that the project viability is dependent on the Increase III Scheme.
Applications to INCREASE III must comply with State Aid rules. The State Aid Declaration (Appendix A) must be completed, signed and submitted with your application.
Your organisational status must be one of the following:
Company Limited by Guarantee
Company Limited by Shares (if non profit distributing)
Scottish Charity Incorporated Organisation (SCIO)
Company Interest Company (CIC) Limited by Guarantee
Housing Association (if appropriately constituted and non profit distributing)
How much and how will funding be made available?
Applicants will be able to apply for a grant of up to 50 per cent (there may be some flexibility in this apportionment at the discretion of Zero Waste Scotland and Social Investment Scotland) of capital and revenue costs (up to a ceiling of Â£100,000) which directly relate to this project. Funding will NOT be made available for costs associated with any existing activities or associated baseline tonnages.
The grant must be combined with a loan from Social Investment Scotland. This means that the maximum total project costs that could be funded is Â£200,000.
Applications will be assessed for the combined grant funding and loan by a Panel which will include representatives from Zero Waste Scotland and Social Investment Scotland.
The deadline for receipt of applications is 1.30pm on Wednesday 30th June 2010.
Zero Waste Scotland aims to inform all applicants of the outcome of the assessment process by Tuesday 31st August 2010 and progress to a signed contract with successful applicant(s) by 30th September 2010 at the latest.
If you have any questions about Zero Waste Scotlandâ€™s INCREASE III programme, whether your project will fit the scope, how to apply, what to include in your proposal or whether other services might be available to your business you can contact Joyce Walsh, Zero Waste Scotland (INCREASE III Programme) on 07775 793225 or email firstname.lastname@example.org. Alternatively please contact email@example.com
Zero Waste Scotland and Social Investment Scotland will be holding an information seminar about this programme to assist applicants at the Tolbooth, Stirling on Thursday 20th May 2010 from 1pm â€“ 3.30pm. For more information and to register your place, please go to our seminar page.
Please read over the Guidance Notes for full details of the fund and how to make an application. http://www.wrap.org.uk/wrap_corporate/funding/capital_grants/increase_iii.html