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Project summary
Create value from your by-product and waste streams.
Access fully funded support via ReValue and take advantage of the expertise and resources offered. Visit our programme website www.revalue.cymru
If your business has a circular economy solution, ReValue can help you in transforming that idea into a tangible reality! ReValue can support businesses in understanding how to monetise by-products and waste streams. ReValue supports businesses across sectoral strengths throughout Powys such as high-value manufacturing, agriculture, and food and drink industries. Through leading technical and business expertise this programme can support businesses to explore novel circular concepts, accelerate business growth & raise funding.
Who is it for?
Project ReValue has been designed to align to national and local policy aims and builds on the strengths of localities. Currently businesses based in or planning to operating in Powys can benefit from the free support offered through the programme. Key sectors the partnership is looking to engage with include high-value manufacturing, agriculture, and food and drink. Project ReValue will provide businesses with growth support, innovation concepts and technical processing solutions to accelerate the development of a circular economy.
Strategic context
The food and drink industry has and will continue to face significant challenges following BREXIT, COVID-19, and the Ukraine-Russia war. Pressures on raw material availability, increasing manufacturing and production costs coupled with consumer demand for sustainable ingredients has underlined the need for resilient and circular economy sustainable supply chain solutions for nutritious ingredients to benefit food and drink manufacturers across Wales.
Health and nutrition are also major concerns for Wales. The sugar pandemic adversely impacts a large proportion of the Welsh population and is responsible for multiple diseases such as obesity (58% of adults in Wales), diabetes (affecting >800,000 in Wales, £500M annual NHS burden) and tooth decay (22% of children in Wales). Offering alternative natural sweeteners in the general diet to alleviate the harmful effects of sugar are required to compliment Government efforts to reduce sugar consumption through initiatives such as sugar tax.
Business supportt
Through this project we will help businesses understand how they can manage by-products and waste to support business growth and promote zero-waste. This will include engaging with businesses from sectors including but not limited to: agriculture, forestry, brewing, distilling, paper and pulp, diary, produce and other organic by-product/waste producers. Additionally, support will be provided for Food and Drink companies working to reduce sugar sustainably, including development of products utilising waste.
Business support will be provided through:
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Workshops & networking events to stimulate engagement with F&D businesses to identify available by-product streams
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Initial consultation as per a defined by-product evaluation framework
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By-product compositional analysis and techno-economic assessment to determine by-product’s economic feasibility for xylitol production
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New product development activities for making chocolates, cookies & confectionaries using xylitol.
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Masterclasses for Welsh businesses (making chocolates, chewing gum, confectionaries, baking goods and nutritional drinks) to develop healthier products and catalyse mutually beneficial partnerships.
To find out more about how we can support your business contact us at info@innovationstrategy.co.uk