Rewilding Project in North Yorkshire Receives Investment from Rebalance Earth
The Rewilding Project
A rewilding project in North Yorkshire's Broughton Sanctuary estate, near Skipton, is set to undergo a significant transformation with funding from investment firm Rebalance Earth. The 1,100-hectare estate, owned by the Tempest family for almost 1,000 years, has been undergoing a nature recovery program since 2021.
Project Details
The project involves planting native trees, managing habitats, and introducing wildlife such as beavers, otters, and wading birds. So far, 330,000 trees have been planted, and the introduction of beavers has led to the creation of dams and lodges, altering watercourses.
Investment and Impact
Rebalance Earth, a natural capital asset manager, has invested a few million pounds in the project, which will allow for the rewilding of two-thirds of the estate, approximately 700 hectares. The project aims to create diverse habitats, promote biodiversity, and benefit the economy.
Economic and Environmental Benefits
The project is expected to generate financial, environmental, and social returns. By transforming degraded land into a thriving ecosystem, the project can help prevent environmental disasters such as flooding and drought, which can have costly impacts on people and businesses.
Future Outlook
The investment from Rebalance Earth is a significant step towards achieving the project's goals. With the support of local organizations, such as the West Yorkshire Pension Fund, which has invested £25m in Rebalance Earth, the project is poised to make a positive impact on the environment and the local economy.