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Limerick businessman sets up recycling loan

Faye Dorgan, 4 Nov

A NEW SCHEME, which helps Ireland achieve EU recycling targets, has

been set up via collaboration with one Limerick businessman.

Convenience Stores and Newsagents Association (CSNA) CEO, Vincent

Jennings, is from Limerick. His association have now joined forces with

Dubco Ireland Credit Union, to launch Re-turn: Ireland's new national

Deposit Return Scheme.

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Enterprise Ireland identifies new sectors to replace Wyeth Limerick

jobs

Of the two billion bottles and cans consumed in Ireland annually, 30%+

are not recycled. The aim of the Re-turn scheme is to combat this

issue, with Dubco financing the scheme's rollout through a ‘green

business loan’.

The loans are available to all CSNA members, with the scheme expected

to go live in February 2024.

All retailers must register for the scheme. It has an interest rate of

5.61% APR* and flexible repayment terms.