The company, which operates the Energy Recovery Facility (ERF), in Fengate, with Peterborough City Council, has set up the Viridor in Peterborough (ViP) Community Benefit Fund.
It has funding of £20,000 a year plus with an additional top-up of £1 for every non-council tonne of waste brought to the Fengate centre.
Any community led organisation in the Peterborough administrative area will be eligible to apply for funding and there is an easy-to-use application guide online.
Paul Rowland, regional manager for Viridor, said: “I encourage any local community projects to investigate whether they will be eligible for support from the fund.”
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The ERF transforms 85,000 tonnes of non-recyclable waste into enough renewable energy for about 16,000 homes.
Councillor Gavin Elsey, the council’s cabinet member for waste, said: “This fund is aimed at giving a financial injection into projects in Peterborough working to develop lasting schemes for the city.
To learn more about how to benefit from the Viridor in Peterborough Fund visit www.viridor.co.uk/peterborough