Supporting and scaling up responsible investment in nature.
Environmental organisations, community groups, land owners and farmers will be eligible to apply for a share of £1.8 million funding to help grow their nature projects.
The Scottish Government and NatureScot, working in partnership with the National Lottery Heritage Fund, and with support from the Green Finance Institute, are launching a new programme of support to help scale up private investment in Scotland’s natural capital.
Grants of up to £240,000 will be offered to organisations and partnerships to help develop a viable business case and financial model, to attract investment in projects that can restore and improve the natural environment, such as, but not limited to, woodland creation, marine enhancement and peatland restoration. Successful projects will also demonstrate the means to engage and share benefits with communities, contributing to a just transition.
The Facility for Investment Ready Nature in Scotland programme also aims to ensure that investment in, and use of, Scotland’s natural capital creates benefits that are shared.
Applications are encouraged from eNGOs, community groups, land owners, farmers and other private sector organisations, individually or in consortia. Projects will be expected to be developed in line with Scottish Government’s interim principles for responsible private investment in natural capital.
Over the next two months, NatureScot, National Lottery Heritage Fund and the Green Finance institute will host a series of seminars and workshops to support applicants to understand the different stages of the investment-readiness project development pathway.
More information can be found on NatureScot’s website: FIRNS - The Facility for Investment ready Nature in Scotland | NatureScot
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Posted On: 17/02/2023