Morgan Sindall Group invests in peatland restoration to help tackle climate change
14.03.23 3 min read
Our parent company, Morgan Sindall Group plc, has signed a two-year agreement to fund peatland conversation and restoration in the uplands of the North of England.
Group is investing in a peatland restoration programme, which will be delivered by the North Pennines AONB and Yorkshire Peat Partnership. The funding enables the two conservation partners to complete capital works to restore over 742 acres of blanket bog in the North Pennines AONB and UNESCO Global Geopark; the Yorkshire Dales National Park and in the surrounding upland areas. It’s the first large-scale private-sector green financing project under the umbrella of the Great Northern Bog coalition, an ambitious peatland conservation collaboration across the protected landscapes of the North of England.
The funding represents a significant contribution to the UK’s efforts to tackle climate change. It’s estimated 80% of the UK’s peatlands are damaged and have become a significant source of greenhouse gasses, emitting over 20m tonnes of carbon each year. Restoration of the Great North Bog will in time avoid annual carbon losses estimated at 3.7m tonnes per year, and by doing so, reduce UK peatland emissions by almost 20%. As revegetation takes hold, the blanket bog will safeguard the carbon stored in the peatland and will begin to take in and store additional carbon from the atmosphere. The restoration of the Great North Bog will leave a living, national legacy of a functioning ecosystem, providing vital services for future generations, including…
- Slowing the flow of water on peatlands, helping to mitigate flooding in towns and cities downstream
- Reducing sediment load in rivers and the costs of water treatment to provide clean drinking water for millions
- Storing millions of tonnes of carbon
- Supporting a range of wildlife
John Morgan, Group CEO, said:
Commenting on the new partnership, Paul Leadbitter, AONB Partnership Peatland programme manager, said: “The benefits for people, nature and climate are enormous and will have a lasting impact. This is the first large-scale private sector green financing project within the scope of the Great North Bog, allowing us to continue restoration on a large scale and contributes to the UK’s environmental targets. This financial support will form part of the match funding for a significant grant of £4.8m from the UK Government, through the Nature for Climate Fund. This type of blended finance with the conservation sector and private sector working together is a new and very positive model for funding peatland restoration and we hope that this is the beginning of a long-term relationship with Morgan Sindall Group and others.
Graham Edgell, director of procurement and sustainability at Group, said: