Project Summary
Delivering Innovative Markets for Ecosystems (DIME) is a Natural Environment Investment Readiness Fund (NEIRF) natural flood management project led by the Wye and Usk Foundation(WUF), located in the Upper Monnow sub catchments of the River Wye across the England-Wales border. The project was launched to tackle critical challenges such as downstream flooding and water pollution from field run-off. Through DIME, WUF is convening local farmers to actively contribute to natural flood management efforts, with payments made by businesses and other affected beneficiaries. Its goal is to establish the commercial and legal foundations – including a new Not-for-Profit organisation to aggregate payments and services – for an estimated £4.9 million, 5-year initial investment in natural flood management. This would support the establishment and first five years of operation of with scope for ongoing funding following this.