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London could see 40,000 circular economy jobs

December 10, 2015

A report by WRAP found that the figure could be reached by 2030, with jobs in remanufacturing, reuse and repair sectors.city of london square mile

The report, analysed by Let’s Recycle, stated that 40,000 jobs in London alone could be created by the circular economy by 2030. WRAP, analysts focusing on the circular economy, recently published the Employment and the circular economy report, and noted that “reuse, remanufacture, repair and an increase in product rental” could all help create the “low to mid-skilled jobs” in the next 15 years.

Companies in the four sectors identified, including cartridge remanufacturers, will “require more labour to create economic value”, the report notes, and “especially among low to mid-skilled occupations where future job losses in London are expected”. WRAP produced the report for the London Sustainable Development Commission (LSDC), which “advise[s] on sustainable growth in the capital” alongside the London Waste and Recycling Board (LWARB) and the Greater London Authority (GLA).

From April 2014 until March 2015, the report discovered that that were around 4.259 million people employed in London, and around 308,100 unemployed people, and there are currently “around” 46,700 circular economy roles. With the organisation’s “expansion scenario”, it estimates that 40,000 more roles in the circular economy would reduce net unemployment in the English capital city “by around 12,000 jobs”.

WRAP noted that the move to a circular economy thus “has the potential to make a real contribution to mainstream employment in the capital”, with a route-map to be developed to “accelerate London’s transition to a more circular economy” by spring 2016. A separate report, from the Ellen MacArthur Foundation, also found that remanufacturing as an industry could boost UK-wide employment.

The EU’s new circular economy package was launched earlier in December, with a packaging waste recycling target of 75 percent for member states by 2030, and the UK’s All-Party Parliamentary Sustainable Resource Group (APSRG) said it was delighted the new EU policy measures had included commitments to remanufacturing.

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