Nature-based solutions can play a key role in tackling climate change and managing its impacts. Over the last 5 years government has introduced new funding that specifically invests in nature-based solutions in England where climate change mitigation and adaptation is the primary purpose. Details of these specific funding streams are given below.
- £10 million Peatland Capital grants scheme 2018-21 to restore peatland.
- £19.5 million Woodland Carbon Fund announced in 2018 to support large scale woodland creation.
- £50 million Woodland Carbon Guarantee announced in 2018 to accelerate woodland planting rates and develop the domestic market for woodland carbon, to be spent over 35 years.
- £640 million Nature for Climate Fund will provide significant funding for the creation, restoration and management of woodland and peatland habitats in England 2020-2025.
- £15 million Natural Flood Management programme 2017-21, which supports 25 large catchment scale projects and 33 smaller community projects to further develop the evidence base on working with natural processes to reduce flood risk.
The UK Government also has a range of existing and funding streams such as Countryside Stewardship and the Green Recovery Challenge Fund that support the restoration of nature in England, and provide multiple benefits for wildlife, climate and people: we have not specifically assessed what proportion of these funding streams has provided nature-based solutions to climate change.