Nature Restoration Fund: Housing
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment she has made of the potential impact of the Nature Restoration Fund on the cost and viability of new housing developments.
Answered by Mary Creagh
The Nature Restoration Fund will accelerate the building of homes, while unlocking the positive impact development can have in driving the recovery of protected sites and species. Environmental Delivery Plans will offer a streamlined route to discharging environmental obligations that will benefit developers.
An impact assessment of the Nature Restoration Fund covers these benefits in more detail and has been undertaken and is publicly available here.
In setting the Nature Restoration Fund levy, Natural England are required to consider matters relating to economic viability, as specified in levy regulations.
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