Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government what estimate they have made of the value of the Nature Restoration Fund balance sheet by 2029.

The Nature Restoration Fund will collect levy payments from developers seeking to discharge relevant environmental obligations through an Environmental Delivery Plan (EDP). The EDP will spend those funds on conservation measures deployed by Natural England to outweigh the negative effects of development. The fund is not intended to accrue value, as it is intended that levy receipts will be rapidly deployed into the delivery of conservation measures to deliver environmental benefit.