08 July 2021

A new Natural Capital Challenge Fund has been launched by Devon County Council to help the Devon economy to build back better and encourage the green sector in the county.

This is the latest initiative brought forward by the County Council as part of its overall economic recovery programme, supporting the response set out in Team Devon’s Economic Recovery Prospectus.

With two coastlines, two national parks and five AONB’s, Devon’s environment is a key asset and the pilot funding scheme will aim to capitalise upon this to develop the county’s green economy aspirations.

A total funding pot of £300,000 is available to provide one off grant support for Devon-based businesses, social enterprises, charities, and community groups to create employment and training opportunities in the natural capital economy.

Devon County Council is inviting applications from projects to help encourage additional investment in this sector and aid recovery from the impacts of the pandemic. Applications must be submitted by 5pm on Friday 20 August and funding must be spent by the end of March 2023.

The trial project, which is offering maximum grant awards of up to £50,000, could support a range of initiatives such as improvements to biodiversity, tree planting, sustainable use of materials, reducing emissions, and increasing protection from flooding.

See the full press release and links to the Natural Capital Challenge Fund application pack here.

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