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

To ask the Secretary of State for Environment, Food and Rural Affairs, what estimate he has made of the level of private investment in (a) terrestrial and (b) marine nature recovery in the last year for which figures are available.

As set out in Mobilising Green Investment: 2023 Green Finance Strategy, we are committed to monitoring progress against our target to raise £1bn in private finance into nature’s recovery in England every year by 2030.

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