In November, biodiversity net gain becomes mandatory for all but a small number of developments in England.
The principle was enshrined in law in The Environment Act 2021, which obliges developers to deliver at least 10 per cent biodiversity net gain for residential, commercial and industrial developments.
For example, if you created a modified grassland for a grant payment, you could then take a baseline from this and improve the habitat condition beyond the requirements of the grant to create biodiversity units for sale into the BNG market.Locality is key as a number of local planning authorities are planning to exceed the statutory minimum of 10 per cent through their local plans. Many also introduce priority areas for biodiversity delivery.
The exchange enables landowners with natural capital assets to market them to third parties who use the platform to identify geographically specific nature-based solutions to fulfil their requirements.Natural England will sell statutory biodiversity credits but only on a temporary basis with the intention to phase out their availability once the market has matured.
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