North London Waste Prevention Exchange 2017

1. North London Waste Prevention Exchange 2017 16 February 2016 www.lwarb.gov.uk

2. LWARB’s emerging programmes • Resource London: Supporting London’s local authorities • Minimising the amount of waste produced and maximising re-use • Increasing and improving the capture of unavoidable food waste • Improving the yield and quality of dry recycling • Restricting residual waste • Advance London: Investment and business support • Portfolio management • New investment activity • Collaboration • Business support • Circular London: Driving the circular economy agenda in London • Communication • Collaboration • Demonstration • Funding

3. Supporting London’s transition to a circular economy

4. A circular economy is one that keeps products, components and materials at their highest use and value at all times. It provides an alternative to our current, inherently wasteful linear economy where we take, make and dispose of materials. • A circular economy emphasises design for durability and modularity, utilising under-used assets (the sharing economy) and offering products as a service (the performance economy). • The circular economy provides a sustainable and profitable solution to the challenges presented by the unprecedented growth London is experiencing. • Accelerating a circular economy in London will contribute to the reduction of the city’s waste, increase recycling and reuse, and contribute to London’s zero carbon city aspirations.

5. Circular London - accelerating the transition to a circular economy in London • LWARB’s ambition is that, through multiple collaborations with stakeholders and policy makers across the capital, alongside the growth of circular economy businesses, London will become the world’s leading exponent of circular economy thinking and practice. • LWARB’s ‘Towards a circular economy’, document issued in December 2015 set out the context and opportunities for a more circular economy in London. • It identified five focus areas: built environment, food, textiles, electricals and plastics. • LWARB has worked with stakeholders in these five focus areas to develop a circular economy route map. • The route map contains short, medium and long term actions that will accelerate London’s transition to a more circular economy. • The route map will be available in spring 2017. It is not exhaustive but rather represents a starting point in London’s circular economy journey.

7. Focus areas • Built Environment • Food • Textiles • Electricals • Plastics Enabling sectors • Digital • Finance • Higher Education • Media • Government

9. London’s circular economy route map • It has identified c.100 actions to enable London to become a circular city. • LWARB will issue a call to action to stakeholders to lead on other actions from the route map and review progress annually. • LWARB intends to facilitate two demonstration projects in each of the key focus areas by 2020. • The aim is to capture learnings for future projects and use them to inform the development of a set of metrics and indicators that allow comparison between demonstrators. • Sharing learnings • LWARB and the GLA are members of Ellen MacArthur Foundation (EMF) through their Government and Cities Programme enabling access to the Circular Economy 100 business network • No equivalent circular economy network in London and this means that opportunities for facilitating and brokering collaborations across the supply chain are being missed. • LWARB will create a London collaboration hub around circular economy issues to facilitate and support innovation. LWARB will also network with the C40 members to ensure a focus on zero carbon cities.

10. Collaboration hub • Services provided by the collaboration hub will include: • a circular economy collaboration website with member profiles and contacts, live demonstrators and projects, case studies and blogs • webinars on specific areas of interest, potential projects, case studies; • brokerage service, with active collaboration help and advice • networking events and the launch of a London circular economy business club that will leverage London’s role as a location for head offices home to global corporations • Promoting circular economy in procurement policies • The Mayor and the GLA organisations are updating their responsible procurement strategy. • Each organisation will be writing an action plan for the effective delivery of the updated policy. • Other activities • LWARB will seek further funding, both from the private sector and wider finding sources. • LWARB will start to explore the strategic area of transport and circular economy which has not been a focus to date.

11. Old Oak and Park Royal • Undertake a scoping study can support the development of a regeneration area

12. Investment and Business Support Programme

13. Investment Programme • Aim is to create innovative solutions to London’s waste management issues by: • helping reduce and eliminate waste within London through increased resource efficiency and greater recycling of materials • reducing pollutants and contributing to development of a zero carbon city by making better use of the existing assets and infrastructure within the city and leveraging technology innovation • creating jobs through developing new business models and revenue streams from waste products and circular technologies, with the potential to add significant GDP to London’s economy • helping foster valuable collaboration between key stakeholders within London, including start-ups, SMEs, social enterprises, corporates, advisors, academia and the public sector • raising awareness of the environmental benefits of circular models such as leasing, sharing and durability, to drive behaviour change; and • generating financial returns for LWARB to fund future programmes.

14. Supporting CE SMEs

15. Financial support for SMEs • Start-up • Seeking to launch an Accelerator / Incubator programme for promising start-ups operating within the circular economy this year • Accelerator phase: an initial intensive programme designed to test whether or not there are sustainable businesses that can achieve market traction • Incubator phase: a longer period of support to ensure that participants have the best possible chance of surviving then thriving • Cohorts of c.10 businesses • Themed around the 5 focus areas • Undertaking an initial pilot with an existing incubator operator then hoping to launch the full programme later in the year

16. Investment Opportunities • Growth capital • The successor to the London Green Fund is intended to be launched in 2017 • PwC were commissioned to conduct a feasibility study on whether a market gap exists for a circular economy focused fund. They have concluded that the main funding gap exists at the early stage venture capital phase. • A London Green Fund II will therefore be targeting investments into up to 50 high growth early stage circular economy businesses, capable of impacting significantly upon they Mayor’s manifesto commitments. • LWARB is also investing in Europe’s first private equity growth capital fund dedicated to the circular economy

17. Business Advisory Support • Project: Circular economy business support for SMEs in London • Scope: Supporting SMEs in London to improve their competitiveness through the adoption of circular business models or scaling up of existing circular businesses. • Duration: 3 years from January 2017 • Funding: The project is jointly funded by LWARB and ERDF • Objectives: The programme will support businesses to: • Pilot and implement circular economy business models • Increase growth capacity and generate employment opportunities • Introduce new products and services to the market • Access finance • Improve resource efficiency and minimise waste production.

18. Advance London – Business Support • Delivery team: Four business advisors and a project manager will deliver the project • Priority sectors: Built environment, food, textiles, plastics, electronics (although not exclusively) • Outputs: The project will be measured on: • The numbers of SMEs receiving support • The number of jobs created • The number of new products piloted by the SMEs • Wider scope: The project will also: • Establish and facilitate a peer network for circular economy SMEs in London • Build knowledge and capacity on circular economy business models amongst other SME support providers in London to ensure a legacy beyond the 3 year project

19. Supporting businesses together with GLA • FoodSave project • Aim was to help small and medium-sized food businesses in London to: • Reduce their food waste • Put surplus food to good use • Dispose of unavoidable food waste more responsibly (E.g. composting or anaerobic digestion) • Funded by the ERDF, LWARB and the Mayor of London. • From October 2013 to March 2015 the team worked with 170 SMEs in London • In addition 57 charities were also supported and benefited from the FoodSave programme through receiving surplus food donations, making significant savings in food costs.

20. Supporting businesses together with GLA • Business support programme 2016 through EMF • Supported 4 (initially 5) businesses in 2016 from the priority sectors: • Globechain (Built environment) • Snact (Food • Unpackaged (Plastics) • The Restart Project (Electricals) Short video about each SME Globechain Snact Unpackaged Restart Project

21. Thank You Wayne Hubbard – Chief Operating Officer – wayne.hubbard@lwarb.gov.uk – 020 7960 3684 James Lanman – Head of Finance – james.lanman@lwarb.gov.uk – 020 7960 3681 Antony Buchan – Head of Programme (Resource London) – antony.buchan@resourcelondon.org – 020 7960 3678 Stuart Ferguson – Head of Investment – stuart.ferguson@lwarb.gov.uk – 020 7960 3668 Clare Ollerenshaw – Circular Economy Manager – clare.ollerenshaw@lwarb.gov.uk – 020 7960 3686 James Fulford – LBWR – Chief Executive Officer – james.fulford@lbwr.co.uk – 07947 458148 Adam Leibowitz – Governance and Secretariat Officer – adam.leibowitz@lwarb.gov.uk -020 7960 3680