Factsheet for measure
BE-2005-1/3124
– measures in Belgium
Circular economy grant
Beurs voor circulaire economie
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Country
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Belgium
, applies regionally
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– BE1 RÉGION DE BRUXELLES-CAPITALE/BRUSSELS HOOFDSTEDELIJK GEWEST
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Time period
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Temporary, 01 January 2005 – 01 January 2020
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Context
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Green Transition
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Type
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Other initiatives or policies
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Category
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Reorientation of business activities
– Change of production/Innovation
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Author
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Dries Van Herreweghe (Katholieke Universiteit Leuven) and Eurofound
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Measure added
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22 February 2023 (updated 17 December 2024)
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Background information
As part of the Regional Programme for Circular Economy and support from Bruxelles Environment, Village Finance manages a fund that invests in Brussels companies that intend to participate in the circular economy. It does so by providing grants since 2016. Certain conditions apply and only a limited number of grants is available.
Content of measure
To support Brussels start-ups and very small businesses that want to start in the circular economy, Village Finance writes out grants of €5,000 to entrepreneurial projects in start-up or development that fall within the logic of circular economy. One of the conditions of the grant is obtaining a loan of at least €10,000. The grant helps project managers to raise the necessary seed capital for their projects.
Certain conditions apply for companies willing to make use of the grant:
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To start or develop a project as a self-employed person in main occupation.
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To start a project with registered office in the Brussels-Capital Region.
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To receive support from an established support structure (e.g.: Lokaal Economieloket, Iles, hub.brussels,...) in developing the business plan.
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Simultaneously submitting a credit application of minimum €10,000 to a financing institution.
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To start or develop a business that is an example in the circular economy field.
Use of measure
The uptake of the measure is not publicly stated.
Target groups
Actors and funding
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Actors
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Funding
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Local / regional government
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Regional funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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Unknown
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Unknown
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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Unknown
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Main level of involvement: N/A
Involvement
The involvement of social partners is not known.
Views and reactions
The views of the social partners on the specific measures have not been made public. However, EO's like Unizo and UCM which are specialised in providing support and guidance to SME's are supporters of the circular economy in general.
Sources
