11/06/2013

Report Highlights Potential Of Recycling Sector

The recycling sector has the potential to create 10,000 new jobs in the UK by 2020, a new report claims.

The Going for Growth report, published today and produced the Environmental Services Association (ESA) and the government-funded Waste and Resources Action Programme (Wrap), claims that a focus on recycling and more efficient use of resources has the potential to create an industry with net exports of £20bn in less that 7 years.

Successes in the recycling sector could lead to a potential £50bn a year in savings for businesses outside of the sector, the report says.

According to the Guardian, the findings are based on the idea of a 'circular economy'. Within this used materials are reused first and then recycled as necessary. The re-use of these materials, ahead of simple recycling, is considered the most efficient option.

The report goes on to claim that if the research and development of design techniques that specifically increases reuse options of used materials and reduces to amount to be recycled, the potential reward could be 50,000 jobs and a £3 billion boost to the UK's GDP.

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