Nature Restoration Fund
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether there will be a minimum development size threshold for liability for payments to the Nature Restoration Fund; and whether self-build development will be exempt from liability.
Answered by Matthew Pennycook
The Nature Restoration Levy will not create a new financial burden since developers already have to meet the cost of project-specific measures arising from, for example the Habitats Regulations. The intent of the Nature Restoration Fund is to provide for a more effective route to discharge existing obligations. Paying into an Environmental Delivery Plan will be voluntary wherever possible, allowing developers to meet the cost of project-specific measures if they wish to do so.
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