Fund title: Natural Environment Investment Readiness Fund
Focus of fund/fund aims:
Grants to stimulate private investment in the natural environment by setting up mechanisms to generate revenue
26 March 2021
The Natural Environment Investment Readiness Fund (NEIRF) is a competitive grants scheme providing grants to support the development of projects that stimulate private investment in the natural environment. Projects should protect or enhance the natural environment in England in line with the government’s 25-year environment plan.
The intention is to establish a pipeline of projects for the private sector to invest in, and to develop new funding models that can be replicated elsewhere. Projects therefore need to be able to produce revenue from ecosystem services to attract and repay investment.
From an overall budget of £10 million, grants of between £10,000 and £100,000 are available. All costs must be directly associated with developing the investment readiness proposal, that is:
- the salaries of staff developing the investment readiness proposals
- specialist consultancy and technical advice to design and structure an investment model that will produce revenue or cost savings eg. commercial appraisal of revenue generation approaches, business and financial modelling
Applications are accepted from not-for-profit organisations in England, including charities, community interest companies and environmental non-governmental organisations. Public bodies such as local councils, national park authorities and academic institutions are also eligible, as are businesses, including sole traders.