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1. • • Developers who cannot use on-site or off-site units to deliver BNG must purchase ‘statutory credits’ from the government. This option is regarded as a last resort and priced accordingly; statutory credit prices are set high to ensure they do not compete with the development of units for sale by private land managers.
     Reference:

     Biodiversity Net Gain: Statutory biodiversity credit prices ...

2. People also ask

   How are statutory biodiversity credits priced?

   • Statutory biodiversity credits are priced in tiers according to habitat type for area-based biodiversity units. There are separate prices for hedgerow and watercourse biodiversity units. Give feedback on this guidance by completing a short survey.

   Statutory biodiversity credit prices - GOV.UK

   www.gov.uk/guidance/statutory-biodiversity-credit-prices

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   Can I buy a statutory biodiversity credit if BNG is mandatory?

   • As soon as BNG is mandatory, those who need to buy a statutory biodiversity credit will be able to do so. Natural England will sell statutory biodiversity credits on behalf of the Secretary of State at a price set by Defra. This is the indicative price a developer would pay, which does not equate to the amount a landowner would receive.

   Preparing the market for statutory biodiversity credits

   naturalengland.blog.gov.uk/2023/07/28/preparing-the-market-for-statutory-biodiversity-credits/

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   Can a developer buy a statutory biodiversity credit?

   • If this is not possible – and the developer can provide evidence to the Local Planning Authority that they have been unable to achieve BNG through on-site and off-site options – then they may buy a statutory biodiversity credit.

   Preparing the market for statutory biodiversity credits

   naturalengland.blog.gov.uk/2023/07/28/preparing-the-market-for-statutory-biodiversity-credits/

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   How does Natural England sell statutory biodiversity credits?

   • Natural England will sell statutory biodiversity credits on behalf of the Secretary of State at a price set by Defra. This is the indicative price a developer would pay, which does not equate to the amount a landowner would receive. The statutory biodiversity credit will be in the form of a Proof of Purchase.

   Preparing the market for statutory biodiversity credits

   naturalengland.blog.gov.uk/2023/07/28/preparing-the-market-for-statutory-biodiversity-credits/

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   What are biodiversity credits?

   • Biodiversity credits are being developed to drive public and private spending into nature restoration. Find out what they are and all about the race to develop the best method for measuring biodiversity. First things first,

   Biodiversity credits: everything you need to know

   www.britishecologicalsociety.org/biodiversity-credits-everything-you-need-to-know/

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   Who is responsible for statutory biodiversity credits?

   • While the Secretary of State is responsible for statutory biodiversity credits, Natural England is working closely with and advising Defra on the design and development of the scheme. To support the development of this scheme and BNG more broadly, we’ve been working closely with a number of pilot projects since 2020 (including Wendling Beck).

   Preparing the market for statutory biodiversity credits

   naturalengland.blog.gov.uk/2023/07/28/preparing-the-market-for-statutory-biodiversity-credits/

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3. www.gov.uk › statutory-biodiversity-credit-pricesStatutory biodiversity credit prices - GOV.UK

   www.gov.uk › statutory-biodiversity-credit-prices

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   Jul 27, 2023 · Statutory biodiversity credits are priced in tiers according to habitat type for area-based biodiversity units. There are separate prices for hedgerow and watercourse biodiversity...

4. www.gov.uk › guidance › statutory-biodiversity-creditsStatutory biodiversity credits - GOV.UK

   www.gov.uk › guidance › statutory-biodiversity-credits

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   Nov 29, 2023 · Buying statutory credits means that as well as, or instead of, creating and enhancing biodiversity on or off a development site, developers can make a financial contribution which counts...

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6. www.gov.uk › guidance › estimate-the-cost-ofEstimate the cost of statutory biodiversity credits - GOV.UK

   www.gov.uk › guidance › estimate-the-cost-of

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   Feb 12, 2024 · Use this service to estimate the cost of statutory biodiversity credits for a development. From: Department for Environment, Food & Rural Affairs and Natural England

7. www.charlesrussellspeechlys.com › en › insightsCounting the cost of BNG: statutory credit prices released by ...

   www.charlesrussellspeechlys.com › en › insights

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   Aug 17, 2023 · Since our last update, the government has published its indicative prices for statutory biodiversity credits, which are intended as a last resort where developers are unable to use on-site or off-site units to deliver BNG.

   • Author: Rachael Davidson

8. naturalengland.blog.gov.uk › 2023/07/28 › preparingPreparing the market for statutory biodiversity credits

   naturalengland.blog.gov.uk › 2023/07/28 › preparing

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   Jul 28, 2023 · How does the statutory biodiversity credit scheme work? As soon as BNG is mandatory, those who need to buy a statutory biodiversity credit will be able to do so. Natural England will...

9. www.britishecologicalsociety.org › biodiversityBiodiversity credits: everything you need to know - British ...

   www.britishecologicalsociety.org › biodiversity

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   Sep 7, 2023 · Biodiversity credits are being developed to drive public and private spending into nature restoration. Find out what they are and all about the race to develop the best method for measuring biodiversity.

10. www.lexology.com › library › detailCounting the cost of BNG: statutory credit prices released by ...

    www.lexology.com › library › detail

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    Aug 10, 2023 · Since our last update, the government has published its indicative prices for statutory biodiversity credits, which are intended as a last resort where developers are unable to use on-site or...