The letter (1) follows recent proposals to remove small and medium-sized developments from Biodiversity Net Gain (BNG) commitments, a move The Wildlife Trusts has warned represents a weakening of the policy.
Addressed to the Prime Minister, the letter, which has been co-signed by Knight Frank, Schroders Wealth Management and Triodos Bank among others, says: “Our collective voice sends a clear message: weakening BNG would come at a high cost, setting back this fast-developing economy and more widely threatening business confidence in nature policy.”
According to The Wildlife Trusts, BNG is critical to unlocking win-wins for nature and development, having been introduced to ensure that new developments leave the natural environment in a better state than they found it.
The Wildlife Trusts have joined forces with business leaders including finance providers and developers to call for BNG to be embedded in all development plans, no matter their size.
The policy, they argue, is already delivering results for nature, businesses and communities, with nearly 100 sites now working to create habitats and greenspaces alongside new homes and infrastructure. The resulting Biodiversity Net Gain, when done well, benefits local residents and wildlife alike while also increasing neighbourhoods’ resilience to climate change, helping to safeguard communities from harms such as flooding and extreme heat.
Joan Edwards OBE, director of policy and public affairs at The Wildlife Trusts, says:
“Over recent months, we have been clear that nature and development must work hand in hand to deliver growth. Even small developments can have a huge impact on wildlife, and so if the legal requirement for Biodiversity Net Gain is lost from small sites, nature will be squeezed into smaller and smaller pockets.
“Instead, Biodiversity Net Gain offers a real chance to align businesses and the nature-loving British public around a common goal; more nature-friendly spaces to live, work and relax in. This policy could be the cornerstone of a thriving economy, but a nature-positive future can only become a reality with the right support and direction from Government.”