£99,000 has been awarded to the National Association for Areas of Outstanding Natural Beauty for the Tamar Valley AONB team to determine the value of nature-based services in its protected landscape.
The money, approved by the Environment Agency’s Natural Environment Investment Readiness Fund earlier this week, will be used over the next 12 months to calculate the worth of nature-based goods and services at four sites across the Tamar Valley AONB, and to build a business case and encourage private-sector investment.
The project, Making the Case for Investment in The Tamar Valley’s Nature-Based Services, will focus on Calstock and South Hooe, where valuable intertidal and associated habitat is currently being created or restored, and Wacker Quay and Haye Farm, both of which have strong potential for further habitat improvement.
Dan Cooke, Tamar Valley AONB Manager, is delighted with today’s news; “These ground-breaking grants show Government commitment to properly valuing our protected landscapes and to finding innovative ways of attracting long-term funding for their future care.”
The importance of local nature and wildlife was felt very strongly during the national lockdowns, and now we have the opportunity to make the case for wider investment to help conserve and enhance our AONB, tackle climate change and redress biodiversity loss. This project will help to calculate the full and real value of this special landscape, economically, environmentally and socially.
Spokesperson from the Environment Agency says; “We are delighted that the Tamar Valley is at the forefront of developing and testing new approaches to attract financial investment into natural environment projects that contribute to the outcomes of the 25 Year Environment Plan.”
The project will begin in the autumn with the first phases of research and contacting of potential investors. There will be plenty of opportunities for the community to get involved as the project makes contact with land owners, land managers and community groups involved in caring for these special habitats.
We look forward to sharing news on the progress of this exciting project with you. Please follow @TVAONB on Facebook and Twitter or visit tamarvalley.org.uk