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Create a new £640 million Nature for Climate fund

Last updated 4 months ago

We will invest in nature, helping us to reach our Net Zero target with a £640 million new Nature for Climate fund.

Conservative Party Manifesto 2019, p.43

Our verdict

  • This policy is a pledge to establish a Nature for Climate fund to support natural habitats like woodland and peatland.
  • In the March 2020 Budget, the Chancellor announced “£640 million for a new Nature for Climate Fund”. Some funding was disbursed in June 2020, and the November 2020 Spending Review announced a further £90 million for the fund. The fund is used to invest in schemes across the country on an ongoing basis.
  • This is a promise to simply “create” the fund, not to allocate the entire £640 million, so this policy is ’done’.

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