Urban tree challenge funds from Defra https://www.gov.uk/government/news/second-round-of-urban-tree-challenge-fund-opens-today
£10m to boost tree planting in second auction of Woodland Carbon Guarantee
Farmers and land managers can apply for the scheme to create new woodlands that help tackle the effects of climate change. Defra: The Forestry Commission has today (Tuesday 14 April) announced that £10m will be available in the second auction of the Woodland Carbon Guarantee. Land managers across England are encouraged to sign up to the scheme by 5 June, ahead of the next auction which will take place online from 8 to 19 June. Launched in November 2019, the Woodland Carbon Guarantee is a £50 million scheme that aims to help accelerate woodland planting rates and permanently remove carbon dioxide from the atmosphere. Successful participants will be offered the option to sell Woodland Carbon Units to the government over 35 years at a guaranteed price set by auction and protected against inflation, providing new income for land managers who help businesses compensate for their carbon emissions. This announcement follows the success of the first auction which closed in February 2020 and saw 18 contracts offered by the Forestry Commission to help stimulate the creation of 182 hectares of new woodland, specifically to help combat climate change.