How does it work?
Increasingly, businesses have a need and/or desire to deliver and preserve our natural capital. It is not practical for every business to do this themselves and as such a market has evolved whereby the benefit derived from various land management techniques can be traded.
We address two of the ways this can be achieved below, through carbon off-set credits and through biodiversity net gain credits.
In almost all cases these benefits are developed on land which is not suitable for agriculture or commercial forestry and where there is a tangible benefit to be seen by changing the use or management of the land.
Tilhill can advise on investment in natural capital and the management of land to derive benefits, to satisfy the demands of the market, or those of your own business.
Biodiversity Net Gain Investing (BNG)
A key element of the Government’s Environment Act 2021 is the requirement for all Town and Country Planning Act and Nationally Significant Infrastructure Project developments to deliver a minimum 10% increase in biodiversity.
This rule is expected to come into force in the winter of 2023, however some planning authorities and developers are trialing this process already.
Developers can achieve this gain through careful choice of site and design, but in many cases, developers will need to outsource the provision of the gain to a third-party provider. These third parties will generate this gain (a benefit) through introducing land management techniques on another site, so the benefit can be traded, as with carbon off-set units.