The below Parliamentary question was asked by Helen Goodman on 2015-10-30.
To ask Mr Chancellor of the Exchequer, if he will (a) incorporate natural capital into the national infrastructure plan, (b) take steps to ensure that new man-made infrastructure projects do not deplete the UK’s natural capital asset base and (c) prioritise investment in natural capital.
Greg Hands
The government recognises the value of natural capital to the country’s long-term economic growth. We do not currently agree that an investment programme for natural capital should explicitly feature in the National Infrastructure Plan. We do, however, strive for all publically funded infrastructure investments to make a positive contribution to protecting and enhancing our natural environment. For example, the Roads Investment Strategy has ring-fenced £225 million in an Environment Fund and £75 million in an Air Quality Fund to ensure more is done to limit the impact of the Strategic Roads Network on the environment.
As specific decisions on spending allocations in this Parliament will be set out following the Spending Review later this month, I cannot yet comment on future investment in natural capital. However, the government takes natural capital very seriously. We have set long term-goals to stop the decades of decline in wildlife and habitats, and have already seen some improvements. Since 2010 we have helped to create over 150,000 acres of field margins, wetlands and woodlands, and woodland cover is at its highest level in 700 years.