The government set up six national pilots that ran from April 2012-2014 which tested application of the metric and ‘biodiversity offsetting’ as a voluntary mechanism for securing off-site compensation. Environment Bank were involved as a partner and broker in two of these pilots, in Essex and in Warwickshire, Coventry and Solihull (WCS). The WCS project in particular, has continued, with ongoing support from Environment Bank.
Similarly, outside these government pilots, Environment Bank has been working, and will continue to work, with authorities, such as in Lancashire, Norfolk and Oxfordshire where there is interest in application of the mechanism.
To find out more about the practical work we’re doing nationally, read some of our case studies.