How can we transition to a more regenerative economy where people, other beings and the environment flourish?
Can community-led action and local initiatives help transform waste into a valuable resource?
And can they stimulate a thriving, regenerative local economy more broadly?
These questions have led the Closing Loops project to launch the new ‘Pots of Possibility’ fund: £300,000 in grants available over the next four years to help grow a zero-waste, circular and regenerative economy in North Lancashire.
In a regenerative economy local enterprises, organisations and people are actively contributing to the health and wellbeing of their communities and the environment – putting life, health and wellbeing at the heart of every decision. Thanks to National Lottery players and the National Lottery Community Fund, grants of between £1,000 to £10,000 will be available over the next four years through the Closing Loops ‘Pots of Possibility’ fund. This is intended to enable community organisations, charities, social enterprises and others to develop creative ideas and start initiatives that reduce waste, lead to more sustainable consumption and support a regenerative economy to thrive.
For example, initiatives are invited to apply that promote growing, cooking and eating more local, seasonal and sustainable food. Another theme that the fund aims to boost is reducing waste by creating regenerative enterprises and initiatives that reduce, reuse and repurpose materials currently going to waste (including food, textiles, packaging and electronics). Projects and initiatives are also encouraged that get more food waste and other compostable materials composted. This could greatly reduce pressure on waste stream infrastructure, sequester carbon and create a free resource in the form of valuable, fertile compost locally.
Another area that the fund encourages are social enterprises or initiatives that enable the sharing and repurposing of tools, materials, spaces and skills within our communities.
The ‘Pots of Possibility’ scheme will offer two different granting opportunities: In a first phase launched now, the Community Pots offers grants of up to £5,000 to support pilot projects, test the feasibility of new ideas and support community projects. In a second phase, the REconomy Pots with grants of up to £10,000 will be awarded to grow ideas and scale up pilots that contribute to an ecosystem of regenerative initiatives and enterprises locally.
The first round of Community Pots is now open offering grants of between £1,000 to £5,000 to help get ideas off the ground.
Deadline for applications: Thursday 27 April 2023.