The scheme, called PrintCare, is available to BPIF members and non-members. The BPIF will be auditing the scheme on a regular basis.
PrintCare was developed to help printers to deal with the Hazardous Waste Regulation, which the UK is introducing as part of the commitment to the 1996 European Waste Directive.
BPIF commercial development manager Richard Barron said: "Within the next 12 months, every printer in the UK will have to register as a waste producer and account in detail for all consumable materials."
The BPIF has been developing the scheme for six months and hopes to take on other service providers as well as Silver Lining.
The BPIF warned that some printing companies were oblivious to the huge fines that they could face if they failed to meet legislation requirements.
Barron said: "Many printers are unaware of the legal requirements and can break the law unwittingly, with devastating consequences."
According to Peter Hunt, managing director of Silver Lining Industries, the scheme could help printers reduce costs. He said: "There is no joining fee and no upfront cost because the scheme is making money from day one. The charges relate to the material being handled."
The BPIF is offering its members a 10% discount on handled waste.
Story by Sally Cousins
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