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Scotland pledges £70m for circular economy

Scotland's first minister Nicola Sturgeon has announced plans to boost the nation's circular economy and create a centre of excellence for manufacturing, to help Scotland's industries remain sustainable and competitive.

During a visit to Glenhead Engineering in Clydebank on 15 February, Sturgeon launched the strategy—A Manufacturing Future for Scotland—alongside announcing £70 million in funding to implement the plan. Of this money, £30m will come from the European Regional Development Fund.

Part of the funding will go towards the creation of a Circular Economy Investment Fund to help manufacturers develop innovative technologies, business models and infrastructure and bring products from the proof of concept stage to implementation.

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