- Maximise investment into Devon’s natural environment for wildlife, people and business.
- Board: Harry Barton, CEO, DWT
- Working Group: Sarah Jennings, DCC
Devon, Somerset and Plymouth LNP partners are working with the The Heart of the South West Local Enterprise Partnership and others to increase investment into natural capital in the region.
New funding streams
There are a number of funding streams currently being developed which will help to achieve a Nature Recover Network across Devon. These include Biodiversity Net Gain, Environmental Land Management, Carbon Offsetting and funding for water quality and to reduce flooding. Partners are influencing the development of these schemes to ensure that they benefit Devon’s environment and communities and that land managers understand how to access this funding. Work includes development of an Investment Platform for Devon by the North Devon Biosphere Foundation. This aims to link buyers and sellers and ensure traceability of transactions. Further information will be added here as it is available.
Natural Capital priorities
In 2020 Devon, Somerset and Plymouth LNPs worked with the LEP to jointly publish Investing in Natural Capital for the Heart of the South West. This explains what natural capital is and why it is critical to social and economic wellbeing of the region. The report includes some case studies and also sets out key actions required to protect and restore our critical natural capital assets. The launch of the document was unfortunately been put on hold due to C-19
Useful links / documents
The 2011 UK National Ecosystem Assessment (UK NEA) is the first analysis of the UK’s natural environment in terms of the benefits it provides to society and our continuing economic prosperity
The 2011 Natural Environment White Paper (NEWP) stated that one of the four ways in which the Government intends to mainstream the value of nature is through: ‘Creating a green economy, in which economic growth and the health of our natural resources sustain each other, and markets, businesses and Government better reflect the value of nature’.