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Remanufacturing industry offers £5.6 billion opportunity for UK plc

The Carbon Trust has launched a new joint report - "Supporting Excellence in UK Remanufacturing" - focusing on the £5.6 billion opportunity for the UK in the field of remanufacturing.

Remanufacturing refers to manufacturing where parts or products at the end of their useful life are returned to like-new or better condition, with their quality supported by a warranty. These activities currently contribute around £2.4 billion to the British economy, however, with appropriate support this could be increased to £5.6 billion and create thousands of new skilled jobs. Leading experts from industry and academia have warned that the UK is lagging behind other advanced economies like USA, China, Japan and Germany in harnessing the value in the rapidly growing remanufacturing industry.

The report follows am early inquiry conducted in 2014 by the All-Party Parliamentary Sustainable Resources Group (APSRG) which found that a prosperous remanufacturing industry exists in the UK and that, with appropriate support, there is potential for significant further growth.

Following the APSRG inquiry, a consortium of organisations, comprising of the Carbon Trust, Knowledge Transfer Network (KTN), the High Speed Sustainable Manufacturing Institute (HSSMI), and Centre for Reuse and Remanufacturing (CRR), plus a group academic institutions, have developed a programme to directly engage with industry and other organisations, notably Innovate UK and BIS. The consensus from the delegates was for the UK to develop a Centre of Excellence in Remanufacturing.

The Centre of Excellence would establish and execute technology projects to address industry problems and barriers, and would provide advice to industry. It would also advise the government and funding bodies on interventions to promote and encourage remanufacturing where it would add value to the UK economy. Further, the Centre of Excellence would develop case studies, promote exemplars and share best practice, as well as working with other bodies (professional institutions, LEPs etc) to explore synergies for training and capacity building.

 

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