The overarching aim of CirCoFin is to create urban circularity markets for the construction sector, which are driven by cities and regions as project promoters. To this end, the project delivers a portfolio of sustainable innovative financial, technical and business development solutions supporting these markets. While cities and regions today can only react to and use what markets offer, they will themselves in the driver’s seat and shape future urban construction markets to suit their circularity needs and strategies.
Four cities and regions have teamed up in this project to start influencing local and regional urban construction markets towards more circularity in the overall process. One key element in the transition towards circularity in the construction sector are Circular Construction Hubs (CCH). They ideally encompass a Physical Material Bank (PMB) and a Digital Marketplace (DM). CCH are central access points, often operated by private actors, and provide key services from storage and logistics, preparation for re-use, scanning and cataloguing of existing building stock to expertise on re-installation of secondary materials and components.