Manor Farm - Biodiversity Net Gain
Project Summary
In early 2023, Surrey Wildlife Trust successfully completed its first sale of Biodiversity Net Gain units to Shepperton Studios – in relation to their studio expansion, for a deal value of c.£1m. This agreement is a forerunner of the Biodiversity Net Gain (BNG) process due to become a requirement under the Environment Act 2021 in November 2023.
The deal also marks a significant step for Surrey Wildlife Trust’s broader plans for its Natural Capital Investment Company (NCIC) – A habitat bank project development vehicle to create, finance and deliver not only Biodiversity Net Gain projects but also other nature investment opportunities at scale to achieve nature recovery across Surrey.
You can read an overarching case study about Surrey Wildlife Trust’s NCIC – written as part of its receipt of NEIRF funding – here.