The Tay Eco Valley project will establish the Tay Cities region as a UK and European leading living lab for Eco-Innovation and the Circular Economy, stimulating economic growth and business innovation.
A Tay Eco-Valley Centre of Excellence for Eco-Innovation and the Circular Economy will be created as a regional strategic asset, supported by public, private and academia partners to act as a catalyst, pool expertise, explore synergies and maximise social, environmental and economic benefits. The overarching objective is to create a user-centred, open-innovation ecosystem in the areas of low carbon heat, low carbon transport, energy efficiency, renewables, remanufacturing and waste material as a resource.
Eco-innovation will stimulate innovation and cross-sector fertilisation within clean and renewable technologies, Food & Drink, Oil & Gas and Tourism sectors as well as supporting connectivity, targeted skills and workforce development. Through investment in low carbon technologies we will demonstrate, in real life situations, that decarbonising heat, transport and decentralising energy generation and use, can support new job opportunities, attract additional investment and open international markets as well as reducing fuel poverty and carbon emission.
We will explore all opportunities that exist within the circular economy in the areas of waste management and Oil & Gas decommissioning. We will capitalise on Low Carbon economy opportunities to deliver growth through additional, active, innovative businesses within the supply chain, increase business R&D in low carbon technologies across key region sectors and create and/or sustain a wide range of types of jobs. These opportunities have been identified in the Scottish Government’s Low Carbon Economic Strategy which has been a fundamental driver in the government strategy since its publication in 2010, as well as by the UK Government and InnovateUK funding programmes.
A strong regional public, private and academic partnership has been formed that will deliver sector-leading, innovative demonstrators that can be replicated or scaled up/down elsewhere. We will work as a partnership of four local authorities (Perth and Kinross, Angis, Fife and Dundee), Scottish Enterprise, universities, colleges, Zero Waste Scotland and industry to accelerate this region’s contribution to making Scotland a greener, cleaner more innovative place.
What’s on offer?
• The creation of opportunities for business growth through demonstrator projects (for example the proposed heat pump at the Food & Drink park, or the integrated Solar panel, Wind Turbine and Battery Storage system to support EV charging infrastructure as part of the Broxden – Low Carbon Transport Hub project)
• Promote and signpost businesses to support services, renewable energy suppliers, finance and mentoring opportunities in the form of a business directory.
• Provide a leading edge networking forum for debate and discussion for the generation of fresh solutions in eco-innovation to stimulate entrepreneurial growth in the Tay Valley.
• Promote and facilitate access to skills and training to support eco-innovation with links to local Universities and Colleges.
• Promote collaboration between businesses, academia, the public and community sectors on eco- innovation in the Tay Eco-Valley.