10 projects promoting the circular economy in Ireland will benefit from funding of €490,000. Minister of State Ossian Smyth has today (Friday, August 20) announced the recipients of the first Circular Economy Innovation Grant Scheme (CEIGS). In a circular economy, “waste and resource use are minimised, the value of products and materials is maintained for as long as possible through good design, durability and repair, and when a product has reached the end of its life, its parts are used again and again to create further useful products”. Funding under this round of the CEIGS was initially set at €250,000. However, the minister secured an additional €240,000.