← back to open calls

Unlocking Nature Positive Private Investment

Opens:
12.02.2024
Closes:
10.04.2024
Sectors:
General & Misc
Project Size:
£2 million

Key Details:

· Competition Opens: Monday, 12 February 2024

· Competition Closes: Wednesday, 10 April 2024, 11:00 AM

Overview: Innovate UK, in collaboration with the Natural Environment Research Council (NERC), offers up to £2 million in grants through the Integrating Finance and Biodiversity for a Nature Positive Future (IFB) programme. This initiative aims to stimulate private investment in nature-positive projects by addressing current financial and systematic barriers.

‍

Funding Objective:

· To mobilise significant private investments for scaling nature positive solutions.

· To develop, accelerate, and commercialise innovative solutions aiding private investment in nature positive projects.

Project Focus Areas:

· Data, tools, models, and metrics, including decision-making tools.

· Environmental monitoring and verification of investments.

· Insurance or insurability of nature-based projects.

· Solutions that aggregate projects to attract finance.

Project Requirements:

· Address barriers to private investment in nature, like limited revenue sources, high transaction costs, uncertain long-term risks, and underdeveloped supply chains.

· Consider wider impacts on climate adaptation, resilience, and indigenous communities.

· Address trust, authenticity, and traceability issues in data and lack of expertise.

· Include engagement plans for end-users such as financial institutions and investors.

· Optional involvement of at least one financial institution as an end user.

Funding Type and Size:

· Grant funding.

· Project grant request: Between £250,000 and £500,000.

Accessibility and Inclusion:

· Innovate UK encourages applications from diverse backgrounds and is committed to accessible processes.

Project Categories:

· Funding for feasibility, industrial research, and experimental development projects.

Exclusions:

· Projects that directly deliver nature positive solutions are not funded.

· Projects dependent on export performance or domestic inputs usage.

Additional Information:

· Projects are encouraged to engage with related initiatives and partners.

· Building upon outcomes from NERC-funded IFB phase 1 activity is optional but not compulsory.

Businesses and innovators with solutions that can bridge the gap between private investment and nature-positive projects should seize this funding opportunity. Prepare to submit compelling proposals that demonstrate demand, feasibility, and potential impact. Engage with end-users and consider broader environmental and social impacts. Ensure applications are submitted before the closing date for a chance to contribute significantly to nature positive solutions and sustainable investment. Get in touch with Inventya for grant writing support, our experts can help maximise your application chances.

‍

Our experts can assess your eligibility in minutes — book your free consultation today!
Book a Consultation
+44 (0) 1925 506 100
Contact Us
Thank you! We will be in touch shortly.
Oops! Something went wrong while submitting the form.