Local Natural Capital & In Investment Pla lanning Opportunities in in Cambridgeshire & Peterborough Ca Cameron Adams Sustainable e Pla lace ces Acc ccount t Manager Envi vironment Agen ency Natu tural l Ca Cambridgeshire LN LNP Bo Board 16 April il 2019
1) Local Natural Capital Planning Context Key Objectives Oxford Cambridge Growth Arc 2) Local Natural Capital Investment Planning Context The Challenge Key Objectives Greater Manchester Combined Authority Cambridgeshire & Peterborough Combined Authority 3) Discussion
Local Natural Capital Planning - Context xt “We will also set gold standards in protecting and growing natural capital – leading the world in using this approach as a tool in decision- making”(25 Year Environment Plan) “We will work not just to preserve, but to enhance our natural capital – the air, water, soil and ecosystems that support all forms of life – since this is an essential basis for economic growth and productivity over the long term” (UK Industrial Strategy) “ Natural capital can also contribute significantly to reducing levels of greenhouse gases through land use and land use change” (UK Clean Growth Strategy)
Local Natural Capital Planning - Key Objectives 1) Align delivery of 25 YEP goals with locally determined priorities 2) Improve outcomes through more effective and efficient distribution and use of resources 3) Local ownership and leadership in finding solutions based on local circumstances 4) Embed a natural capital approach in decision making processes 4
Local Natural Capital Plan for th the Oxford to o Cam ambrid idge Gr Growth Arc
What is the Oxford to Cambridge Local Natural Capital Plan? Loc ocal l Natural l Cap apit ital l Plan ans (LN (LNCP) ar are e a a key com ommit itment t of of the the Government’s 25 Year Environment Plan As part of the Government’s vision for transformational growth with thin the the Oxf xford to o Cam ambrid idge (O (OxC xCam) Arc c a a pan pan-Arc Loc ocal l Natural l Cap apit ital Plan (LN (LNCP) has has be been com ommis issio ioned Th The e LNCP will ll be be de deli livered by an an En Envir ironment Agency hos hosted tea eam mad ade up up of of tea eam mem embers fr from om acr across Defr fra an and its its de deli livery ry bo bodie ies We e rec ecognis ise tha that grou oups within in the the Arc c ha have be been pur pursuing the their ir own n work ork ar around na natural l cap apital and and en envir ironmental ne net t gain ain an and we e wan ant this this to o be be an an op opportu tunit ity to o jo join in up, up, kno nowle ledge sha share an and wor ork tog ogether
What are we aiming to deliver? The sc scope for th the LN LNCP has as not ot been ag agreed yet but t we wan ant an an LN LNCP th that: Maps the Arc’s natural capital and existing environmental assets that must be protected Sets out an environmental vision for the Arc that links to public wellbeing and economic growth Identifies opportunities for environmental net gain We wou ould ld lik like th the LN LNCP to o in inform an and su support str trategic an and loc local decis ision makin ing
What are our next xt steps? We have 14 14 months to cr create an an LN LNCP for th the Arc In In May we will ill be hold oldin ing a a workshop with ith key loc local l stakeholders to o dis iscu cuss th the sc scope of of th the LN LNCP Once th the sc scope is is ag agreed we will ill: Set up a partnership governance group for the project with Paul Leinster as its chair Begin creating a natural capital environmental evidence baseline
Local Natural Capital In Investment - Context xt
Local Natural Capital In Investment – the challenge
Local Natural Capital In Investment – Greater Manchester Combined Authority “A Greater Manchester where investments in natural capital enhance the long term social, environmental and economic health and wellbeing of its people and businesses.” “Funding that is intended to provide a return to the investor while also resulting in a positive impact on natural capital” (Source: GMCA Investment in Natural Capital Vision)
Local Natural Capital In Investment – Greater Manchester Combined Authority 3 Key Components: 1. A pipeline of potential project types which need investment 2. Finance models to facilitate private sector investment and the role of public sector 3. Recommendations to put the plan into practice over the next 5 years
Local Natural Capital In Investment in in Cambridgeshire & Peterborough “In order to think rigorously about the relationship between development and the natural environment, we need to be clear about the value the nature brings. This can be done using the idea of natural capital .. .It should be a central part of evaluating all decisions which will impact the landscape, none more so than housing” (CPIER, Final Report) “A Cambridgeshire -wide Local Nature Capital Investment Plan (LNCIP) is prepared to inform strategic and economic decision making, in order to maximise opportunities for enhancing the area’s natural environment.” (Doubling Nature – A Natural Vision”, Natural Cambridgeshire LNP & Draft NSSF Phase 2)
Discussion • Who needs to be involved? • Who should take ownership? • How and when should it progress? • How can we ensure it informs high level decision making, plans, policies and programmes? • Next steps?
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