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The circular economy is a new term for a more sustainable way of doing business.
A circular economy aims to minimise waste and keep resources in circulation for as long as possible. This can be achieved in many ways – think recycling, refurbishing, reusing, remanufacturing and more.
By contrast, the traditional economic approach is linear, with a take, make, waste model: raw materials are extracted, made into products, then discarded.
For businesses, a circular economy approach can help cut costs, improve efficiency, promote innovation and even unlock new revenue streams.
Are you curious about the circular economy?
Tune into Council’s podcast series, Your Business is our Business: Sustainability to hear how other local businesses are incorporating circular thinking.
Resources are also available on Sustainability Victoria, including a free course on circular economy knowledge and practice.
We've created factsheets to help local businesses analyse all the ways they could get circular. They feature practical worksheets and case studies with local businesses:
Find out more with our online waste guide for Nillumbik businesses.
For more information or to be connected with like-minded businesses, contact our Economic Development team on 9433 3111.