Industry News CON-JUL21-EMERSON QUARTER:CON-JUL21-EMERSON QUARTER 18 Editor’s Note


Welcome to the October issue of Converter. Just when you thought things couldn’t possibly get worse, we get a new Prime Minister whose first action was to send the pound plummeting. Whether the intentions behind the actions are what needs to happen is debatable – economists are certainly saying the actions are wrong – but it is the execution, “too far, too fast”, that has sent financial markets into panic and the economy into chaos. Under Boris’ leadership, everyone always knew what he was going to say and do before he did because it was trailled, ‘leaked’, rumoured and the water tested every inch of the way, so evryone affectd had some time time prepare, or at least brace themselves for what was to come.


At time of writing, Liz Truss has sacked Kwasi Kwarteng and announced that the actions she is taking today is to ensure economic stability. Her first announcement is that the increase in corporation tax will be kept – most certainly a key element of pacifying the financial markets. But the price of that for businesses – who exist in a landscape of massively rising energy bills and materials – is that paying the bills will be become even more difficult. Jeremy Hunt has taken the reigns as Chancellor of the Exchequer this afternoon and will no doubt issue some kind of interim budget to correct what went wrong, but the biggest question is, will Truss last much longer? Lynn Sencicle Editor


lsencicle@datateam.co.uk


Hubbub and Starbucks unveil winners of over £1m fund to trial solutions to reduce single-use food and beverage packaging


From all-female tech start-ups to environmental charities, the Bring It Back Fund awards over £1m in grants to six innovative projects to boost reuse Innovative reuse trials across the UK include city-wide returnable takeaway packaging, electronic tagging of reusable alternatives and doorstep packaging collection


Following a competitive application process which launched in May, the Bring It Back Fund has increased to £1.4 million to ensure six innovative reuse solutions can be piloted across the UK with the first project launching in the next few months.


Each pilot project will tackle a different way to test and learn how to shift people’s habits to use alternatives to single-use packaging through behaviour- change incentives, research projects, new technology, the expansion of existing successful reuse systems, or developing entirely new service models. The six pilots include removing single-use packaging from a street food market in London, the first of its kind in the UK; trialling behaviour change initiatives within diverse communities in Peterborough, such as a loyalty programme, and trialling a coffee cup reuse system with tourists for the first time in one of the most beautiful rural areas of Scotland. The list of UK winners include Keep Scotland Beautiful, Green Street, Reath Technology, Again, junee and PECT.


Gavin Ellis, director and co-founder of Hubbub said: “With the Bring It Back Fund, we set out to find innovators with pioneering new approaches to challenge single-use packaging in the food and drink sector. We were highly impressed with the quality of the entries received and we are looking forward to working with the winners to tackle this major environmental problem.


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October 2022


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