Facilitating Local Natural Capital Investment
This pilot aims to demonstrate practical ways in which private finance and investment, combined with public funding where appropriate, can support nature-based outcomes. As a first step, the project has published a Literature Review to provide a detailed understanding of natural capital investment initiatives in the UK and overseas and identify key learnings for the application of similar approaches in a Scottish context. It aims to build awareness and capacity amongst regional and local partnerships for how they can facilitate private investment at a local level in nature-based solutions. It focusses on developing the business cases, structures, mechanisms, and supporting tools required to deliver significant investments in natural assets that have the potential to be scaled up and replicated across Scotland. The project responds to the challenge to secure more varied and sustained investment in nature, and find innovative approaches. It is delivered in partnership with Scottish Government, Scottish Forestry, and the Scottish Land Commission and is taking place in the Tweed Forum area.
Testing a Natural Capital Approach at a Landscape Scale
We plan to start this project later in 2021. It aims to test how a natural capital approach across a region or sub-regional area might work in practice. We envisage that this work would help inform Regional Land Use Partnership pilots, and help to make the link between natural capital approaches at the farm-scale, and how this translates to landscape-scale approaches.