Town hall chiefs have said that households should be given rewards for recycling, as local authorities could earn up to £1 billion from recyclable materials.
The reward for using a recycling bin could range from shopping vouchers, to money to fund community projects in the local area. Birmingham Council already has a system whereby it rewards its residents with nectar points when they recycle, which has seen a 10 per cent rise in recycling within the area.
The statement comes after a report issued by the Local Government Association which highlights the potential for councils to earn a greater share of the recyclables they collect. The review stated that the councils still only earn 28 per cent of the financial value of the material and if that figure was increased to 40 per cent, it would provide an additional income of over £820 million by 2020, letsrecycle.com reports.
Councillor Clyde Loakes, vice chair of the LGA’s Environment and Housing Board, told express.co.uk that residents have to play their part, by helping them recycle more and more each year – which in turn could cut costs on council bills.
Mr Loakes said “There is clearly wealth in waste. The UK’s waste and recycling sector is currently worth around £11 billion and growing at twice the rate of the rest of the economy, but there is so much more we could do to make the most of this booming industry.”