Grants of between £10,000 and £100,000 are available to registered charities, statutory organisations, social enterprises (including Community Interest Companies) and businesses for projects in England that will improve and safeguard the natural environment by helping projects become investment-ready.
The Natural Environment Investment Readiness (NEIR) Fund, which has a budget of £10,000,000, aims to stimulate private investment and market-based mechanisms that improve and safeguard the natural environment by helping projects become investment-ready. The intention is to establish a pipeline of projects for the private sector to invest in, and to develop new funding models that can be replicated elsewhere. Round 2 of the Fund is now open to applications.
The overarching objective of the Fund is to fund nature projects in England which tackle climate change, create and restore habitats, and/or improve water quality. While the Fund is for activities in England, it can also be used to support activities to prepare projects where benefits apply across England’s borders with Wales or Scotland.
NEIR is intended to enable eligible organisations to obtain specialist advice, engage investors and build capacity to develop their project to the stage when it is ready to receive and repay the investment. Projects need to be replicable and scalable, with key learnings made public to encourage similar approaches to access private sector finance for nature projects in future.
Successful applicants will be required to make the products and knowledge gained through the fund openly available for the benefit of others. This is to help the development of the natural capital investment sector, and policy and regulation, including alignment with future government funding schemes.
Grants of between £10,000 and £100,000 are available. The grant can fund up to 100% of eligible costs. However, applicants should include details of any match funding in their application if this demonstrates better value for money
Not-for-profit organisations can apply for full cost recovery for up to 20% of staff costs (organisational overheads such as those related to day-to-day running costs, insurance, or routine accommodation).
Projects must protect or enhance the domestic natural environment in line with one or more of the Government’s 25-year environment plan goals, namely for: coastal margins, enclosed farmland, freshwaters and wetlands, marine, mountain, moor and heathland, semi-natural grassland, and woodland.
Deadline: Friday 16th February 2024
Full details are available on their website: https://www.gov.uk/government/publications/apply-for-a-grant-from-the-natural-environment-investment-readiness-fund/how-to-apply-for-a-natural-environment-investment-readiness-fund-grant