10
Recommendation
1st Report – The role of natural capita…
Rejected
The Government should keep under review the effect of its fiscal policy on the availability of land for natural capital investment. In particular, the effect of the inclusion of environmental improvement schemes within the scope of APR relief from April 2025, combined with the changes to APR thresholds to be …
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The Government should keep under review the effect of its fiscal policy on the availability of land for natural capital investment. In particular, the effect of the inclusion of environmental improvement schemes within the scope of APR relief from April 2025, combined with the changes to APR thresholds to be introduced in April 2026, ought to be monitored for their effects on the supply of land to environmental improvement projects. Care must be taken to ensure that fiscal policy provides appropriate incentives to deliver genuine ecosystem enhancements, rather than providing opportunities to shelter capital from tax obligations, and that it does not encourage the removal of prime land from food production in a way which compromises the UK’s food security. We recommend that the Government report to the House on the operation of APR relief in relation to environmental improvement schemes no later than three months from the end of the 2026–27 financial year. (Recommendation, Paragraph 64)
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Government response AI summary
The government agrees to monitor changes to agricultural property relief in the normal way but rejects the recommendation to report to the House by a specific deadline due to data lag and complexity.
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29
Recommendation
1st Report – The role of natural capita…
Rejected
We recommend that not later than 12 February 2026—the start of the next biodiversity net gain reporting year—the Government establish a comprehensive and publicly accessible register of: • the location of onsite and offsite assets being developed under statutory provision for biodiversity net gain; • the identity of investors in …
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We recommend that not later than 12 February 2026—the start of the next biodiversity net gain reporting year—the Government establish a comprehensive and publicly accessible register of: • the location of onsite and offsite assets being developed under statutory provision for biodiversity net gain; • the identity of investors in such assets, and • the identity of the owners of statutory biodiversity credits issued by Government. Such a register will provide improved transparency. (Recommendation, Paragraph 151)
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Government response AI summary
The government states that a publicly available register for off-site BNG already exists but explicitly rejects the recommendation to establish a comprehensive, publicly accessible register including on-site assets, investor identities, and credit owners by 12 February 2026, stating they have no plans to develop an …
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