Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, with reference to the Green Finance Strategy's target of raising £500m in private finance every year by 2027, how much private finance to support his Department's work has been raised in the 2023-24 financial year.

As set out in ‘Mobilising Green Investment: 2023 Green Finance Strategy’, we are committed to monitoring annual private finance flows into nature’s recovery in England against our target.

The Government has not produced an official annual estimate of private finance into nature’s recovery, as no reliable measures are yet in place. Defra is developing a methodology for tracking this private finance. We will publish our first annual estimate, using this methodology, once data is available.