Recycl8, a leading environmental services company, has 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 Recycl8 to recruit several new staff members across the R&D aspect of the business and in complementary roles. The LCMCF award will also unlock the opportunity for Recycl8 to demonstrate the reductions in CO2 by utilising the R8 Mix and showcase the technology on a larger scale. The Aberdeenshire-based firm also plans to secure further private investment in the near future, with discussions ongoing with several interested parties.
"We are thrilled to have secured this substantial grant from Scottish Enterprise," said Mark Gillespie, CEO of Recycl8. "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 reduces 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."
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 unlock global opportunities presented by the climate emergency. In doing so, it contributes toward Scotland's target of reaching net-zero emissions.
For more information, visit https://www.r8iba.com