We are proud to announce that we have been awarded a six-figure Low Carbon Manufacturing Challenge Fund (LCMCF) grant by Scottish Enterprise.
The LCMCF, which is part of the Scottish Government’s ‘Making Scotland’s Future’ plan, helps companies develop low carbon products, processes or services, supporting projects that accelerate the transition to a low carbon economy in the manufacturing industry.
The project will enable us to recruit several new members of staff, across the R&D aspect of the business and in complementary roles. The LCMCF award will also unlock the opportunity for us to demonstrate the reductions in CO2 by utilising our R8 Mix, as well as showcasing the technology on a larger scale. We also plan to secure further private investment in the near future, with discussions ongoing with a number of interested parties.
“We are thrilled to have secured this substantial grant from Scottish Enterprise. It’s very heartening to have our technological process, our product and our commercial proposition recognised in this way by the Scottish Government’s national economic development agency.
We are on the cusp of launching the Recycl8 low carbon concrete solution: R8 Mix. Our rigorous testing programme is progressing well, and we have developed excellent relationships with potential partners and customers nationwide – there is huge demand for low carbon concrete solutions which reduce CO2 emissions at source. The award of this funding will be a springboard, building on all the hard work already completed, and propelling Recycl8 to the next level of its evolution to market.
We are committed to playing our part in supporting the transition to a low carbon economy, and in fostering a circular economy that repurposes ‘waste’ to preserve our natural resources – this grant will help us to deliver on that commitment.” Mark Gillespie, CEO
Rhona Allison, Managing Director of Business Growth at Scottish Enterprise, said:
“Recycl8’s new mix design can help meet the growing demand for low carbon building materials without sacrificing the integrity of its traditionally high carbon counterpart. This is an exciting breakthrough considering concrete is the most used man-made material in the world.”
The LCMCF provides competitive grant funding to academic institutions, public bodies, and third-sector organisations, helping SMEs to unlock global opportunities presented by the climate emergency. In doing so, it contributes toward Scotland’s target of reaching net-zero emissions.