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    August 1, 2023

    Biodiversity credit prices

    NewsWater

    The government has published indicative guide prices and information on calculating costs for developers buying statutory credits.

    They start at £42,000 per credit for a low distinctiveness habitat, up to £650,000 for high distinctiveness habitats (lakes).

    Defra notes that buying statutory biodiversity credits is a last resort option for developers unable to use on-site or off-site units to deliver biodiversity net gain (BNG). Developers must buy 2 credits for every 1 biodiversity unit they need to compensate for.

    Tagged: Biodiversity, DEFRA, Net gain

    Ocean and Coastal Futures Ltd
    23 Hauxley Links
    Low Hauxley
    Morpeth
    Northumberland
    NE65 0JR

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