The Waste & Resources Action Programme (Wrap) has launched a £2m loan fund for mixed plastic packaging recycling in the UK.

The Mixed Plastics Loan Fund (MPLF) aims to support UK reprocessing of plastics including yoghurt pots, margarine tubs and plastic food trays. At the moment, 90 per cent of mixed plastic packaging ends up in landfill and MPLF will help potential investment in reprocessing capacity.

The fund will be open to applications until 31 December, anyone interested in applying for the funding should visit the Wrap website at www.wrap.org.uk