Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, if his Department will support wetlands-focused research on barriers relating to (a) private finance for, (b) land use change affecting and (c) long-term management of wetland sites.

Government has a goal of stimulating at least £500m per year of private investment into nature recovery in England by 2027, rising to at least £1bn per year by 2030. Defra is putting in place interventions to set the conditions for this to happen, including publishing a nature markets framework, partnering with the British Standards Institute on nature investment standards, stimulating a pipeline of investable nature projects (including multiple projects in wetland areas), and enabling public funding for nature to crowd-in private investment.

The Government is also supporting eight blue finance projects with around £750,000 of grants through the Natural Environment Investment Readiness Fund. This funding is being used to develop a pipeline of projects that can demonstrate viable private-sector investment models, ultimately working to restore important coastal and marine habitats such as saltmarsh. Four of the five Protected Site Strategy Research and Development Pilots involve pressures affecting wetlands, including long-term management and financing, while Natural England is additionally progressing two projects on peatland National Nature Reserves on selling carbon using the Peatland Code.

Defra already supports a range of research projects relating to wetlands, including a recent collaboration with the British Trust for Ornithology modelling the impacts of different land use change scenarios on a range of wetland species. We also fund the Wetlands Bird Survey through grant in aid via JNCC. Through the UK Blue Carbon Evidence Partnership, UK Administrations are working with DESNZ and Defra to address key research questions relating to blue carbon habitats.

Internationally, we provide regular financial and in-kind support to the Ramsar Wetlands Convention to promote the protection and wise use of wetlands.