A new Natural Capital Challenge Fund has been launched by Devon County Council to help Devon’s economy to build back better from the coronavirus pandemic. The fund will support projects that use Natural Capital (natural resources) as a tool to create employment and skills in the county. With two coastlines, two national parks and five AONB’s, Devon’s environment is a key asset and the pilot funding scheme will aim to capitalise upon this to develop the county’s green economy aspirations.

The fund therefore aims to support, develop and fund a small number of high-quality Natural Capital initiatives that will create employment and training opportunities in Devon. The County Council is looking to fund initiatives such as biodiversity improvements, tree planting, sustainable use of materials, reducing emissions, and increasing protection from flooding.

To find out how to apply follow this link.

How is this helping Devon reach net-zero?

Goal 7.10: Ensure we have the skills in Devon to deliver net-zero and the training opportunities for people to make the transition

Goal 7.11: Increase access to finance to accelerate reaching net-zero, embracing innovative mechanisms and allowing citizens to invest in their communities 

The Natural Capital Fund aims to increase skills and employment to help Devon build back better and support climate projects.