A Derbyshire Wildlife Trust project is among 50 schemes to benefit from the final round of a pioneering government fund to drive private investment in nature and tackle climate change.
In the second round of the Natural Environment Investment Readiness Fund (NEIRF), announced by Defra and the Environment Agency, grants of up to £100,000 have been provided to environmental groups, local authorities, businesses and other organisations to help them develop nature projects to a point where they can attract private investment.
The funding aims to help develop projects so they can demonstrate a return on that investment by capturing the value of carbon, water quality, biodiversity and other benefits provided by natural assets such as woodlands, peatlands and rivers – with revenue generated through the sale of carbon storage, improvements in biodiversity, natural flood management benefits and reduced water treatment costs.
The primary purpose of Derbyshire Wildlife Trust’s scheme, known as Derbyshire's Nature Recovery and Natural Capital Investment Aggregator, will be to facilitate Nature’s Recovery across Derbyshire by making and protecting more space for Nature.
Through enabling the creation of more space for nature and accelerating the delivery of nature recovery networks, the project will address a broad range of environmental and ecological problems, while supporting the government’s the 25 Year Environment Plan goals and strengthening the provision of essential ecosystem services across Derbyshire.
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Posted On: 11/10/2022