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Tender Details
- Country: United Kingdom
- Summary: Early Engagement for Defra's Big Nature Impact Fund
- GBT Ref No: 55623678
- Deadline: 09 Aug 2021
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: -
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: tender_277658/982714
- Purchaser's Detail :
- Description :
- Title : Early Engagement for Defra's Big Nature Impact Fund
Location Of Contract : Any region
Industry : Financial and insurance services - 66000000
Description : The purpose of this notice is to gather market feedback on Defra's proposal as set out below:- Defra is proposing to launch a Big Nature Impact Fund through appointment of a Fund Manager, which will be charged with two core responsibilities: capital raising and fund deployment. More specifically, this will focus on the twin tasks of leveraging private finance into, and accelerating the development of, new ecosystem service markets.- This Fund will be structured as a public-private, blended finance vehicle. Defra intends that public investment in the Fund will incentivise and de-risk private investment into the Fund. The Fund will invest in a portfolio of projects that generate revenue from nature-based solutions providing ecosystem services (e.g. benefits from natural services including, for example, flood mitigation and water quality improvements from tree planting or carbon sequestration from restoring peat bogs). This model is being proposed following government's successful use of public-private blended impact models in other areas, including climate finance, social finance and international biodiversity.- Defra propose that the Fund should target investment into nature-based solutions with the greatest climate change mitigation potential and high potential to generate... - Documents :
Purchaser : DEFRA NETWORK ETENDERING PORTAL
Foss house York YO1 7AB England
Contact Person : Jackie Hurley
Email :jackie.hurley@defra.gov.uk
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