BEIS launches £60m bioplastics fund

A £60m fund intended to stimulate the design and standardisation of biodegradable plastics has been launched by the government.

Making the announcement this morning, the Department for Business, Energy & Industrial Strategy (BEIS) said new forms of packaging and plastic made from plants, wood chippings and food waste “could be a step closer”, thanks to the fund, which forms part of the government’s Clean Growth Challenge. The department said it expected the private sector to invest an additional £149m to support the initiative.

READ MORE: The debrief: How compostable bags are helping a retailer cut its plastics use

BEIS said the funding could be used to find ways to “cut waste in the supply chain, develop new business models and create new sustainable recyclable materials”. It said that these materials could involve the use of plants instead of oils to make plastic, “which will help reduce their carbon impact”.

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