Gresham House has announced that it has launched a new specialist biodiversity strategy (GHBC) aimed to halt biodiversity decline in the United Kingdom, while at the same time delivering strong financial returns for investors.
WTW, a global insurance and advisory company with more than $150 billion of assets under management, have been named the cornerstone investors in the partnership.
The biodiversity net gain (BNG) requirements, stipulated within the United Kingdom’s Environment Act of 2021, recently came into effect and mandate that all developers must achieve a net biodiversity gain of at least 10 percent for their sites in order to obtain planning permission.
Gresham House’s GHBC strategy is seeking to raise $380 million and will invest in habitat banks created by Environment Bank Ltd. (EBL), a portfolio business within Gresham House’s British Sustainable Infrastructure Fund (BSIF) Strategy.
Transforming landscape-scale areas of non-arable far