The Environment Agency announced today that the Wildlife Trust for Lancashire, Manchester and North Merseyside and Cheshire Wildlife Trust have been successful in securing a grant for its Greater Manchester Biodiversity Net Gain Investment Facility
It means that developers and other businesses can now invest in biodiversity net gain (BNG), which is way of managing land that will leave the natural environment in a better state than it was beforehand.
So a developer can build on a piece of land, but offset the effects of building by improving more important areas for wildlife elsewhere.
Working with the Greater Manchester Combined Authority and other conservation organisations, the Wildlife Trusts have identified nine keys areas which can be improved by investors in BNG, and will vastly improve them for important plants and creatures.
The BNG market will offer investors an opportunity to support the projects, which will make a huge difference to the local environment and create vast areas of habitat for wildlife.
More details of this award and others can be found here.