Peatlands and Tree Planting: Finance
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, whether the £400 million in capital spend confirmed in the 2024 Autumn Budget for (a) tree planting and (b) peatland restoration is (i) in addition to or (ii) included in the Nature for Climate fund for 2024-255 and 2025-266.
Answered by Mary Creagh
We have pledged up to £400 million in capital spend for tree planting and peatland restoration over the current (2024-25) and next (2025-26) financial year. This includes funding of the Nature for Climate Fund for 2024-25. The detail of how this funding is allocated for 2025-26 is now being finalised through internal business planning, and we will be able to share more once this has concluded.
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