Case Study: Business Planning

• Worn Again

  Client

• 10/11/2014

  Start Date

• 11/01/2015

  End Date

Only 20% of the world’s end of use clothing and textiles are currently collected for recycling and the vast majority of this is polyester, cotton and poly-cotton blends. The rest is going to landfill and Worn Again want to address this global problem. They have developed a chemical textile recycling technology which will be licensed globally to support the continual and circular flow of polyester and cotton resources.

Worn Again had support and financial backing from several major retailers to develop a commercial-scale plant to test their new recycling technology, but needed gap funding from a grant scheme before they could proceed.

Worn Again approached the Textile Growth Programme, run by Greater Manchester Business Solutions, and were referred to add specialists for support. We assisted Worn Again’s senior management team to develop a detailed Business Plan setting out a strong case including:

• The market opportunity for the technology;
• The technical challenge and Worn Again’s solution;
• The skills and experience of the management team;
• A detailed profile of Worn Again’s customers and competitors; and,
• The benefits arising for the public sector for investing in the project and the case for grant.

We also assisted Worn Again to complete a complex application form, and in February 2015 they were awarded funding of over £300,000 to fund the first stage in developing their commercial plant. Worn Again have since announced a partnership with H&M and Kering to make the continual recycling of textiles a sustainable reality.

For more information on how we can help you develop a Business Plan please contact us. If you’d like to know more about Worn Again click here to visit their website.