立信（BDO）：2025年循环经济趋势报告（英文版）（17页）.pdf

1、Circular Economy Trends Report 2025ContentsA word from Todd Mills01Circular Economy UK investments02Through the investor lens03Circular Economy trends dashboard05Spotlight on industrials06The role of CVCs in supporting industrial solutions in the Circular Economy08Scaling circular business09Case stu

2、dy:Smart CT11Case study:CIRQLR12Get in touch with our Circular Economy experts141CIRCULAR ECONOMY TRENDS REPORT 2025|BDO LLPAfter several years of rapid growth,2024 brought a change in tempo for circular economy investment.Deal volumes held steady compared to 2023,ending a five-year streak of rapid

3、year-on-year growth.But while on the surface this shift suggests a cooling of investor appetite,look a little closer,and a more meaningful picture emerges.Whilst deal volumes have held firm,deal values have increased significantly,with 2.2bn of disclosed investment,up 60%from 2023.The circular econo

4、my is no longer a niche or emerging theme its maturing,earning its place as a more established part of the investment landscape.Theres no ignoring the macroeconomic pressures that shaped this years market:high interest rates,stubborn inflation and political uncertainty have all made investors more f

5、ocused and more selective.In an environment where every pound invested must prove its worth,the circular economy is holding its own with 183 deals recorded in 2024,nearly triple the number seen just five years ago.But even with growth in deal volumes catching a breath,deal sizes continued to climb w

6、ith the average value of disclosed investment increasing from 10.7m to 17.5m.This is in line with broader sustainability trends globally,where funding has shifted away from early-stage activity and towards more proven business models.Circular economy investments are increasingly seen not just as env