The government has announced that it will invest £60mn, alongside an expected £149mn boost from the private sector, to help cut plastics pollution.
In July, it revealed that businesses were backing its Industrial Strategy Challenge to cut plastic pollution, with the funding to be used to find ways of cutting waste in the supply-chain, develop new business models and creating new sustainable recyclable materials. It could also see plants used instead of oils to make plastic. This would help reduce their carbon impact.
Speaking at the time, former Business Secretary, Greg Clark, said: “This is a unique opportunity for our world-leading businesses and innovators to develop the materials of the future with the potential to transform our economy as well as our environment.”