Sustainable Farming Incentive
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, with reference to his Department's new policy on the Sustainable Farming Incentive, whether he has made an assessment of the availability of private funding to deliver public goods for nature.
Answered by Mary Creagh
The Government is committed to significantly increasing private investment in nature’s recovery. This will not only help meet our environmental targets but will also create opportunities for farmers and land managers to diversify their business revenues through the sale of nature services.
Nature markets in the UK are small but growing. We will be consulting on what additional action is needed to strengthen these markets in the coming weeks. Alongside this, in the recent Land Use Framework publication, we announced a Call For Evidence which will seek views on how we can better incentivise private investment in nature from sectors who impact and depend upon our shared natural capital. This will be published later this year.
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