News Round-Up

New £10 million fund to drive private sector investment in nature

Source: gov.uk

Nature projects which tackle climate change, create and restore habitats, or improve water quality could soon benefit from a new £10 million fund to help them both benefit the environment and attract private sector investment, the Government has announced.

The Natural Environment Investment Readiness Fund will provide grants of up to £100,000 to environmental groups, local authorities, businesses and other organisations to help them develop nature projects in England to a point where they can attract private investment.

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. MORE