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Unlocking nature private investment

Fund Name

Unlocking nature positive private investment

Project Length

Up to 9 months

Project Value

£250k - £500k

Deadline

10.04.2024

Innovate UK, part of UK Research and Innovation (UKRI), will invest up to £2 million in supporting innovation projects. These innovation projects will develop solutions that enable private investors to invest in nature-positive projects.

This funding is from Innovate UK and is part of a £7 million Integrating Finance and Biodiversity for a Nature Positive Future (IFB) programme led by the Natural Environment Research Council (NERC), to understand the complex links between biodiversity, finance and society.

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Fund details

This competition aims to mobilise significant private investment to scale nature-positive solutions. The competition will enable the development, acceleration and commercialisation of innovative solutions. These solutions must enable private investors to confidently invest in nature-positive projects.

Your project must address and overcome previously identified barriers to private investment in nature, including but not limited to:

  • limited sources of revenue from nature to fund investment
  • high-transaction costs and significant disincentives for investment in nature-based projects
  • insufficient certainty to price long-term risk, due to a lack of standards and accreditation
  • limited project pipeline and scale and an under-developed supply chain

Your project must consider factors that are important in the context of nature and biodiversity, including but not limited to:

  • wider impacts including climate adaptation and resilience
  • impact on people including indigenous communities
  • removing barriers to the adoption of solutions including, for example, trust, authenticity and traceability of the data, and lack of data expertise

Your project must:

  • provide a strong case for why your proposed solution will be in demand from end users
  • demonstrate how the proposed solution would enable end users to invest in nature-positive solutions
  • provide a plan for how to engage end users, for example, financial institutions and investors in its development

Your project can involve at least one end user, for example, a financial institution. They are not required to be a grant-claiming participant.

Specific themes

Your project must focus on one or more of the following themes:

  • data, tools, models and metrics, including decision-making tools
  • environmental monitoring and verification of investments, over time, cost effectively
  • insurance or insurability of projects
  • solutions that help aggregate projects to attract finance

Eligibility

To lead a project or work alone in your organisation:

  • must be a UK-registered business of any size
  • be or involve at least one grant claiming micro, small or medium-sized enterprise (SME)
  • can collaborate with other UK-registered organisations
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