In a move to bolster tree planting efforts across England, the Department for Environment, Food & Rural Affairs (Defra) has announced a significant increase in payment rates under the England Woodland Creation Offer (EWCO). This step not only aims to enhance environmental sustainability but also holds promising implications for businesses.
The increased payment rates, effective immediately, offer farmers and land managers more tailored incentives for woodland creation while safeguarding prime agricultural land for food production. With a maximum rate of up to £11,600 per hectare, representing a substantial 45% rise, the initiative underscores the government's commitment to achieving net-zero emissions by 2050 and prioritising nature conservation in the fight against climate change.
For businesses in Greater Lincolnshire and Rutland, this development brings forth multifaceted benefits. Firstly, the incentivised tree planting presents an opportunity for diversification, allowing farmers and land managers to explore new revenue streams while preserving the productivity of their agricultural land. By tapping into the enhanced EWCO payment rates, businesses can leverage financial support to undertake tree planting initiatives that align with environmental objectives and contribute to the region's green infrastructure.
Moreover, the government's emphasis on nature recovery and biodiversity enhancement through premium payments further enhances the appeal of tree planting endeavours. The introduction of a Nature Recovery Premium payment option and uplifts in existing additional contributions underscore the potential for businesses to engage in environmentally conscious practices that not only mitigate climate change but also foster resilient ecosystems and support local wildlife.
The impact of these initiatives extends beyond environmental stewardship, resonating with the economic vitality of rural communities. Through initiatives such as the Woodland Creation Fast Track, which expedites the application process for projects on low sensitivity land, businesses can seize opportunities for swift implementation and capitalise on the benefits of enhanced woodland cover.
As businesses in Greater Lincolnshire and Rutland navigate the path towards sustainability and resilience, the enhanced EWCO payment rates serve as an opportunity. By embracing tree planting initiatives supported by government incentives and leveraging fully funded resources available through Business Lincolnshire, businesses can position themselves at the forefront of sustainable practices, driving positive change for both the environment and the rural economy.
If you are looking for fully funded support and advice, contact Paul Ward, Business Lincolnshire’s specialist Agriculture and Horticulture Adviser today at paul.ward@bizlincolnshire.com, who will be able to talk you through the various support available across the Greater Lincolnshire and Rutland region.
