The Advance London team provides fully funded advisory support to small and medium enterprises in London.
How can Advance London help?
Advance London supports businesses to develop, pilot and implement new and innovative circular business models. Our team of advisors will explore these with you and identify the business model that provides the most benefits to your business.
We offer a range of business advisory services including circular economy guidance, investment guidance and peer-to-peer knowledge sharing.
What is the circular economy?
A circular economy is one that keeps products, components and materials at their highest use and value at all times. It is an alternative to the current linear economy, where we make, use and then dispose of products, components and materials. A circular economy can stimulate innovation in areas like product design, re-use and re-manufacturing facilities, business models as well as new forms of finance.
Why do we think it’s important for SMEs in London?
Moving to a circular economy could bring London benefits of at least £7 billion every year by 2036. This benefit is based on examining five main areas – the built environment, food, textiles, electricals and plastics.
London has a wealth of SMEs driving its economy, with 90% of the capital’s entire sector being made up of SMEs. At Advance London, we want to support SMEs in the capital to maximise these opportunities so they will thrive now and in the future by adopting more resource efficient and resilient business models.