Can the Nutrient Mitigation Scheme unlock developments

New housing developments, hotels and student accommodation, in the vicinity of vulnerable watercourses must demonstrate that they do not increase phosphate and nitrate levels beyond pre-consent levels.

The new ‘Nutrient Mitigation Scheme’ has been set up to enable developers to purchase government-backed credits, with the revenues raised invested in new and expanded wetlands and woodlands.

Two schemes have been announced, both within the Tees catchment. It will be interesting to see how effective these are both in terms of unlocking development and enhancing or at least protecting the environment.

An excellent article on Property Wire by Naomi Bull, associate, and Kate Radford, senior associate, at Eversheds Sutherland gives more detail.