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Insider UK

Environment

Peter A Walker

£2 billion private finance pilot ‘a vital step in restoring Scottish woodlands’

NatureScot Palladium United Kingdom Scotland Scottish Government

NatureScot is partnering in a private finance investment pilot that could mobilise £2bn in landscape scale restoration of native woodland, create new jobs and support rural communities.

A Memorandum of Understanding is now in place between Scotland’s nature agency and financial partners. If successful, the pilot could unlock private investment in natural capital, with the aim of reducing emissions and restoring biodiversity through landscape-scale projects.

The investment in woodland could create around 185,000 hectares of native woodland and sequester 28 million tonnes of CO2e over the next 30 years.

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