Published: 10th Feb 2021

Ministers have announced details of a new £10m fund which will help councils, businesses and other organisations develop nature projects. The Department for Environment, Food and Rural Affairs (Defra) said the Natural Environment Investment Readiness Fund will offer grants of up to £100,000 to help groups develop nature projects in England to a point where they can attract private investment. According to Defra, this will create a pipeline of projects for the private sector to invest in and develop new funding models that can be replicated elsewhere, demonstrating the UK’s leadership in nature finance in the run-up to COP26 in November. The fund will be open for applications until 26 March. Examples of projects that could be eligible for the fund: the creation of new woodlands and the restoration of peatlands, providing habitats for wildlife, green spaces for the public and carbon sequestration to help the government achieve its net zero target. … (To read the full article, subscribe below)