The aim of the transition towards a circular economy is to create a boost through green technology, create sustainable industry and transport and reduce pollution. NGEU-funded in part by the Green Transition, Belgium has begun generating different subsidy calls and grant opportunities specific to this topic. Jumping on these opportunities, FI Group goes through 4 questions enterprises should ask when starting their funding journey.
The circular economy of the future
A transition towards a circular economy that is sustainable requires optimal management of raw materials (steel, oil, plastic, natural gas, coal, …). Their use is a major challenge for the environment and the climate, an ambition being enforced by the NGEU Green Transition.
It has the potential to transform the Belgian economy and generate new and sustainable competitive advantages, going beyond recycling. It focuses on consumption reduction, longevity, reuse, recovery, eco-design and new forms of consumption of products and services.
Finally, the transition to a circular economy can also provide solutions to certain societal challenges that have been analyzed within the Belgian RRP. It can be put into place in multiple different sectors such as plastics, food, construction and chemistry.
As Belgium is developing towards a circular and low-carbon economy, through different reforms and investments, different subsidy calls and grant opportunities are found. FI Group answers 4 questions to ensure enterprises find their way:
1.- Why invest in the future of circular economy?
The European Commission adopted the new circular economy action plan (CEAP) in March 2020. It is one of the main building blocks of the European Green Deal, Europe’s new agenda for sustainable growth.
Moving towards a more circular economy can bring benefits such as reduced pressure on the environment, improved security of supply of raw materials, increased competitiveness and it can contribute to innovation, growth and jobs.
At the end of 2019, Belgium submitted to the European Commission the final version of the National Energy and Climate Plan for 2021-2030. Besides energy and climate, mobility, science policy, finance, defence, agriculture, both at the federal and regional levels, are involved. Together they focus on the transition to a low-carbon society and offer funding to achieve that ambition.
2.- Where can I find funding opportunities?
On the FI Group website itself you can find the section “Grants & Subsidies”, where we publish the most relevant grants at a national and regional level. At FI Group we can help you from the first step, identifying the calls most in line with your company and supporting you throughout the application process.
Belgium has grants available to companies wanting to take innovative and energy-saving measures to invest in rational energy use or green energy. FI Group sorts through and categorizes the most valuable subsidy information for companies.
Considering environment is a regional competence in Belgium, both the Flemish region, the Walloon region, and the Brussel-Capital region have their own funding bodies. Thus, grants on circular economy can be found under (but are not limited to):
FI Group has a roadmap to go through with a company.
For instance, both Flanders and Wallonia offer subsidies all year long on environment and energy-saving. Take a look at following opportunities, where FI Group uses its knowledge to guide you:
3.- What type of grant fits my project?
When looking to invest in your company or project, it is important to know about the grants that fit you the best. FI Group has a team of expert consultants that analyze your specific situation to cater to your exact needs.
Calls for financial aid open throughout the year with different application processes and eligibility conditions. Consider multiple factors:
Grants can be both topic-specific and sector-specific.
4.- How can I apply for a grant?
Each grant has its own conditions for application: FI Group takes on the challenge to pinpoint them with the best fit for your project; understand the methods of application, deadlines and have the needed project knowledge; invest in developing your project case with the necessary technical and administrative preparation. Ask for a free audit now!
Having such a wide range of funding opportunities, our consultants offer their expertise in advising you to understand and intercept the available grants and subsidy schemes. FI Group supports you at all stages of your funding journey to see your project grow and succeed.
FI Group has 20 years of experience and wants to support you in understanding and intercepting the available R&D+I opportunities. Our experts are at your disposal to analyze your project and take the next steps together with you.