Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

John Lewis targets ‘throwaway’ culture with £1m ideas fund

by
November 22, 2021
in Investing
0
John Lewis targets ‘throwaway’ culture with £1m ideas fund
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The owner of John Lewis and Waitrose are launching a £1m fund that will channel cash into projects with the potential to end the high street’s “throwaway” culture.

The John Lewis Partnership is inviting academics, charities and start-ups that have ideas with the potential to reduce the environmental impact of the food, clothing and gadgets we buy, to pitch for a share of the money. The fund is aimed at identifying “innovators” that are challenging the industry’s outdated “make … use … throw away” model.

Marija Rompani, the group’s director of ethics and sustainability, said that tackling the climate crisis, biodiversity loss, waste and pollution required a “different kind of thinking”.

“We live in a world of finite materials and we need to start protecting them before it’s too late,” she said. “This is why we’re particularly looking for projects that are regenerative and can eliminate waste or pollution from the design stage.”

The Circular Future Fund is focused on food, textiles and household products. Winning ideas could have the answer to food waste in the supply chain or consumers’ homes, or, with the fashion industry a big polluter, a more sustainable production method or material.

John Lewis, which raised the £1m from the sale of 10p plastic bags in stores, said it hoped to unearth “scalable” ideas that could be shared and in doing so accelerate the transition towards a more circular economy.

High street retailers have already begun adapting their traditional models. Ikea, the UK’s biggest furniture retailer, now has a scheme to buy back unwanted items to resell as part of its efforts to shift towards a circular model. Marks & Spencer disclosed last week that a small selection of its clothes could now be hired from the rental website Hirestreet.

Applications for the John Lewis fund, which will be divvied out in grants of £150,000 to £300,000, will close on 9 January 2022. Bids are being invited from academia, charities, social enterprises and businesses that are less than five years old. An independent panel will review them in March with the grants awarded the following month.

Read more:
John Lewis targets ‘throwaway’ culture with £1m ideas fund

Previous Post

CBI says free market has left UK with ‘branch-line economy’

Next Post

UK independent retailers plan largest boycott ever seen against Black Friday

Next Post
UK independent retailers plan largest boycott ever seen against Black Friday

UK independent retailers plan largest boycott ever seen against Black Friday

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
Shifts, Not Shocks: Rethinking Rust Belt Decline

Shifts, Not Shocks: Rethinking Rust Belt Decline

0

0

0

0
Shifts, Not Shocks: Rethinking Rust Belt Decline

Shifts, Not Shocks: Rethinking Rust Belt Decline

May 23, 2025
Friday Feature: LUMIN Schools

Friday Feature: LUMIN Schools

May 23, 2025
Tariffs on Imports from China Are Still Too High

Tariffs on Imports from China Are Still Too High

May 23, 2025

MMT and US History: Redefining Chartalism

May 23, 2025

Recent News

Shifts, Not Shocks: Rethinking Rust Belt Decline

Shifts, Not Shocks: Rethinking Rust Belt Decline

May 23, 2025
Friday Feature: LUMIN Schools

Friday Feature: LUMIN Schools

May 23, 2025
Tariffs on Imports from China Are Still Too High

Tariffs on Imports from China Are Still Too High

May 23, 2025

MMT and US History: Redefining Chartalism

May 23, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.