Circular - reduce, renew, recycle

The Circular Economy calls on us to reduce, renew, recycle, and share. One Day suggest testing participative activities on a much smaller scale through societal challenges and innovation localities. Our vision for a circular economy is one in which we can all easily participate and contribute and might include things we haven’t even thought of yet…but we can imagine:

• Car free neighbourhoods

• Re-makeries

• Innovations for the re-use of waste (like Granby Workshop)

• Bring and buy markets

• Bag-less supermarkets

• Recycling superstores

• New uses of our maritime heritage

MAYBE ONE DAY …

We also think there should be some repayment by those businesses that are extractive, particularly very large businesses who are less likely to pay tax within the UK or use Tax minimisation accounting. We considered adaption of the ‘overage’ agreement mechanism used in capital developments where super profit is made. Those larger businesses and employers in receipt of public support, including Family Tax Credit and other state subsidies of low paid jobs, would be required to reinvest 50% of all ‘super’ profits in wealth sharing arrangements. The application of those funds requires further exploration but at this stage we suggest 1/3rd to employees, 1/3rd to local/social enterprises, and 1/3rd to create access level jobs into the sector through the provision of apprenticeships or management opportunities for those underrepresented. This could contribute to job creation with a target of full employment providing everyone (men and women) with the right to a valued role and responsibility and measures on business leaders/employers to provide access level jobs.