Very few landowners appear to be aware that they can register their farm or estate with the Environment Bank who will then attempt to match landowners with developers who need to carry out some form of ecological or environmental mitigation as a condition of their development.
Many rural estate owners and farmers have already carried out a significant amount of ecological and environmental enhancement on their farms and estates and some, but not all of these, have received grant funding.
For farmers and landowners who are still planning to carry out further works on their farms and estates it is important that they register with the Environment Bank. The Bank has already reached agreement with Local Planning Authorities in Buckinghamshire, Oxfordshire and Warwickshire and a further 25 LPAs are now expressing interest.
Many development schemes require some form of ecological enhancement or mitigation as a condition of the permission.
In order to maximise the site value the developer may seek to offset this requirement by paying another landowner to implement the enhancement or mitigation for them. This provides opportunities for farmers and landowners to effectively sell these environmental and ecological enhancements on their land.
We have already registered a number of our retained clients with the Environment Bank and we are encouraging others to do so.
Schemes such as HS2 will require huge areas of land for environmental and ecological enhancement and we can advise farmers and landowners on how best to manage their land with a view to maximising their potential return in the future from the biodiversity accounting and compensation offset system.
Please contact Stephen Rice on 07557 880112 if you would like to discuss this further.