A more circular economy has the potential to create economic growth, improve resource security and support hundreds of thousands of jobs across the country.
To realise this potential, the government must make the circular economy a cross departmental priority. Given its important tax and spending responsibilities, as well as its role in co-ordinating government policy, the Treasury will be vital in steering this change.
We spoke to ten circular businesses to better understand their business case, the barriers to broader adoption of what they do and the incentives others need to follow suit. They revealed that fixing perversities in the tax system and cross cutting fiscal support would be particularly powerful in moving these models into the mainstream.