An increase in certain expansion aid
Does your company limit its use of non-renewable virgin materials and waste production? If your company is recognised as being involved in the circular economy (in the context of aid for the economic development of companies), you can receive a 10% increase on several premiums from the Brussels-Capital Region.
Financing offers accessible to circular companies
The website circulareconomy.brussels lists 20 financing offers for companies with circular projects, depending on several parameters:
- the company's stage of development: is it in the start-up phase? In the start-up phase? In the scale-up phase?
- the company's financing needs: less than €50k? Between €50 and €150k? Between €150 and €500k? More than €500k?
Each offer is characterised by:
- the type of financing offer - equity, debt, subsidy;
- the amount financed;
- the possibility of receiving support with the business model;
- the targeted sector(s).
For each offer, there is a detailed sheet showing the financing process, the special conditions, etc. and a contact person.
These offers are made by business angels, social and solidarity finance stakeholders, traditional banks, etc. This directory is intended to be expanded with new financing offers and new stakeholders.
Circular economy calls for projects
The "Be Circular" call for projects
The "Be Circular" call for projects is an initiative of the Government of the Brussels-Capital Region, launched within the framework of the Brussels Regional Program for a Circular Economy (BRPCE) to financially support self-employed people and companies in Brussels to set up innovative projects related to the circular economy.
The "Be Circular" call for projects has a budget of several million € per year.
Who does it involve?
All companies (start-ups or long-established, VSEs, SMEs or large companies), self-employed persons, non-profit organisations, business partnerships, etc. that develop economic activities in the Brussels-Capital Region.
For what uses?
Any innovative approach or project that aims to create or move your core business towards more sustainability within a circular economy perspective and in connection with one of the priority themes. Each year, the Region indicates the type of projects it is looking for so it can guide project leaders and enable them to contribute to regional objectives.
What's in it for me?
- Financial support from the Region of up to €50,000, €80,000 or €200,000 depending on the category, with an additional 10% for social and democratic enterprises and an additional 30% for urban production projects;
- Support on demand:
- from all business support services
- advantageous conditions for setting up on the premises of greenbizz.brussels, the incubator for sustainable projects
- The showcasing of your project's success
- Individual support from coaches with technical business expertise (marketing, financing, communication, strategy and business development, human resources management, etc.).
ING Fund for a more circular economy
The ING Fund for a more Circular Economy supports those who use their skills and professions to make optimal use of natural resources. For its 2021 call, the ING Fund for a More Circular Economy made €250,000 available to initiatives that strengthen the skills and professions of the circular economy. In this way, the Fund wants to support the stakeholders present in this field or encourage other stakeholders to join the approach, with a view to reducing the footprint of our lifestyles on our environment now and for generations to come.
The Village Finance grant
Since 2016, as part of the Brussels Regional Program for a Circular Economy (BRPCE), Village Finance supported by Brussels Environment has made available a fund that aims to support around 20 Brussels companies through the provision of grants.
To help start-ups and very small businesses in Brussels who want to get involved in the circular economy, Village Finance awards €5,000 in grants for entrepreneurial creation or development projects that integrate the concepts of the circular economy. This grant, which is conditional on obtaining a bank loan of at least €10,000, enables project leaders to raise the capital they need to start their projects.
Village Finance was created in 2005 and aims to foster sustainable and equitable urban economic development. The grant has been very successful since 2016 and Village Finance has awarded approximately 60 grants. Around 20 projects have been supported each year in various fields such as sustainable food, brewing, textiles, computer science, and even herbal medicine.