Mairi McAllan

The Scottish government and NatureScot, working in partnership with the National Lottery Heritage Fund, and with support from the Green Finance Institute, are launching a new programme of support to help scale up private investment in Scotland’s natural capital.

Grants of up to £240,000 will be offered to organisations and partnerships to help develop a viable business case and financial model, to attract investment in projects that can restore and improve the natural environment, such as, but not limited to, woodland creation, marine enhancement and peatland restoration. Successful projects will also demonstrate the means to engage and share benefits with communities, contributing to a just transition.

The Facility for Investment Ready Nature in Scotland programme also aims to ensure that investment in, and use of, Scotland’s natural capital creates benefits that are shared.

Land reform minister Mairi McAllan said: “The Scottish government has already significantly increased public investment in nature restoration through, for example, our £65 million Nature Restoration Fund.

“But public investment can’t do it alone. The finance gap for nature in Scotland for the next decade has been estimated to be £20 billion - that’s why we are working to find ways to bridge this finance gap through leveraging responsible private finance.

“The Facility for Investment Ready Nature in Scotland programme will enable swifter, easier and scaled up development of nature-based investable projects across the country. It has the potential to grow natural capital markets that reach across rural, urban, terrestrial and marine settings, and to support a wide variety of natural assets and ecosystem services.”