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Biodiversity units provide new income stream for landowners in Cambridge - Cambridgeshire Chambers of Commerce
Summary by Cambridgeshire Chambers of Commerce
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Biodiversity units provide new income stream for landowners in Cambridge - Cambridgeshire Chambers of Commerce
Landowners can generate an independent income stream by selling ‘biodiversity units’ to developers who cannot meet their BNG obligations on-site. DEFRA has set statutory prices for its own credits, ranging from £42,000 to £650,000 per unit, encouraging developers to seek more cost-effective deals with private landowners. Most new developments in England must achieve a 10% increase in biodiversity, under the Environment Act 2021. Under the Enviro…
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