£ 10million environmental public funding open to businesses

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The last round of the Natural Environment Investment Readiness Fund is open to applications from companies and organizations to fight climate change.

The £ 10million funding will be invested in a wide range of projects aimed at delivering environmental benefits and demonstrating a range of approaches to generating income from the range of benefits provided by nature.

Projects will be designed to provide a return on investment by capturing the carbon value, water quality, biodiversity and other benefits provided by natural assets such as forests, peatlands, watersheds and landscapes. .

This will create a pipeline of projects in which the private sector will invest, demonstrating the UK’s leadership and action in increasing finance for nature and climate during COP26.

The Swinton Estate in North Yorkshire received funding in the first round. He is working to develop a new business model for multifunctional forestry to derive broader benefits from carbon sequestration, biodiversity credits, recreation and water quality.

Dr Rhian-Mari Thomas OBE, Managing Director of the Green Finance Institute, said: ‘As our recent report points out, England alone faces a funding gap of £ 21bn to £ 53bn over the course of the next decade to achieve the key goals of nature.

“The Fund is playing an important role in bridging this gap through its development of a potential pipeline to attract private investment in nature, and through the shared learning provided by the Fund’s community of practice.

“We look forward to seeing the innovative projects under this second round of funding. “

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