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Birmingham Post
Birmingham Post
Business
Tom Pegden

£600k investment for Lincs start-up helping industry offset carbon emissions

A company set up to help businesses offset their carbon emissions has won £600,000 of investment.

Lincolnshire-based rePLANET Wildlife is creating a system of carbon and biodiversity credits for companies to buy in exchange for its work protecting and restoring areas of high nature value.

The new company, set up by majority shareholder Operation Wallacea Limited (or Opwall), has gained the investment based on a £2 million valuation, and was supported by Midlands law firm Shakespeare Martineau.

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