The circular economy avoids waste, makes the most of our resources and conserves the planet.
An important part of this is the move away from products made from oil and gas, in favour of renewable bio-based products: the circular bioeconomy. Adopting a circular approach will tackle climate change, for example by finding valuable uses for food waste that otherwise would generate carbon emissions.
This shift toward a greener economy is creating new markets for bio-based products as well as driving investment and growth in bio-based industries. Across Europe, the bioeconomy generates €1,460 billion value added each year – 11% of GDP.
We work to help the region capitalise on new opportunities from the circular bioeconomy to generate investment, high-quality jobs and environmental gains.
The BioVale cluster is an important way for us to access new opportunities in the bioeconomy.