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Home / News and Insights / Press / High biodiversity credit price sets the scene for a planning revolution

In an article for New Civil Engineer, partner Angus Walker comments on the price list for statutory biodiversity credits released by the government at the end of last month. Though the initial figures appear inflated, Walker explains the reasoning for this, and what we can expect the implications of such high prices to be.

Angus Walker comments:

‘They have been made deliberately expensive so as not to interfere with the market in biodiversity units and they range from £84,000 to a huge £1.3M for a single unit, depending on its habitat rarity. Although a developer will simply pay money and not know what is going on behind the scenes, the government has said it will use the income to buy offset land and also pay for the implementation of the regime, so that is another opportunity for landowners and brokers.’

Read the full article on the New Civil Engineer website.

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