Manufacturers in Greater Manchester are being invited to learn more about the Circular Economy and the impact this global transformation will have on their sector at a special event on 23 October 2018.
Circular Economy Club Manchester, a collaborative project led by Manchester Metropolitan University (MMU), is presenting businesses with the opportunity to find out about circular manufacturing and gain access to regional projects and research funding.
But what is the Circular Economy, and what does it mean for manufacturers?
Simply put, the circular economy is a profound shift away from the ‘take-make-use-throwaway’ business model that has traditionally dominated global industry. This linear approach to business is an inefficient use of resources - it requires ever-increasing consumption of raw materials that are thrown away at end-of-life, wasting valuable resources and degrading the environment in the process.
The Circular Economy is a ‘restorative’ approach to business that designs waste out of the system. Instead of being thrown away at end-of-life, in a circular economy products and materials are kept in cycle as long as possible through repair, re-use and recycling.
For manufacturers, this shift is an ideal opportunity to boost resource efficiency, maximise cost savings and reach into new revenue streams.
The Circular Economy Club event will introduce manufacturers to the concept of circular business and how to realise the value of their waste materials through collaborative partnerships.
Following the presentations there will also be a networking workshop to help delegates identify opportunities for collaboration and research funding.
The event will be held at Great John Street Hotel in Manchester city centre on 23 October 2018. For more information and to register, visit the event webpage.
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