New data from Zero Waste Scotland shows that circular sectors are already contributing more than £7billion to Scotland’s economy.
A new report by Zero Waste Scotland suggests circular sectors contributed an estimated GVA (Gross Value Added) of £7.11billion to Scotland’s economy in 2021.
The report also found that circular sectors accounted for 81,447 jobs and represented nearly 5% (4.7%) of total Scottish GVA. GVA is the value that producers have added to the goods and services they have bought.
As a share of GDP, circular economy GVA made up 3.9% of Scottish GDP – including offshore oil and gas extraction in Scottish waters.
Evidence like this gives us an unrivalled opportunity to evolve an economy that works for people, planet, and prosperity.
Commissioned by Zero Waste Scotland and delivered by Eunomia and University College London (UCL), the ‘State of the Circular Economy’ report quantifies the economic contribution of circular economy sectors using an approach based on the European Circular Economy Monitoring Framework (ECEMF) methodology.
Commenting on the report, Iain Gulland, Chief Executive of Zero Waste Scotland, said: “In Scotland, businesses which are embracing circular business models are now a significant and thriving part of our economic landscape.
“This is an important finding as we’re at a pivotal point where economic and environmental agendas are converging. Evidence like this gives us an unrivalled opportunity to evolve an economy that works for people, planet, and prosperity.”