2021 Report details for project: Nature for Climate Fund

Project name Nature for Climate Fund - there is only one report for this project
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Organisation DEFRA (D7 ) - see all reports for this organisation
Report year 2021 (data is from March 2021)
Category Infrastructure - see all reports for this category
Description: The Nature for Climate Fund Programme has been established to significantly increase tree planting, woodland creation and management, and peatland restoration, in England to support the delivery of Net Zero and 25-Year Environment Plan commitments. The programme is also designed to deliver wider social, economic and environmental benefits.
DCA (RAG) Amber/Red
DCA text: The Infrastructure Project Authority's Delivery Confidence Assessment rating is Amber/red.This is primarily due to the following factors: The Nature for Climate Fund was established in 2020/21. Significant progress has been made to establish the programme in 2020/21 and to start delivery against the programme's ambitious objectives. The programme has accepted all recommendations that were made by the IPA following reviews in the second half of 2020 and made significant progress in addressing these recommendations. This has included ensuring that the programme has the correct resources, capabilities and governance in place to support effective delivery.
Start date 2020-04-01
End date 2025-03-31
Schedule text The project end-date is 31 March 2025. This is primarily due to the following factors: The schedule of the programme positions the Nature for Climate Fund programme well for delivery against its ambitious targets. Delivery has already successfully begun in 2020/21 (year 1 of the programme) and 2020/21 has also seen significant work to establish programme structures that will support successful delivery in years 2-5, with significant ramping up of delivery from year 2 onwards.
Baseline £52.72m
Forecast £52.72m
Variance 0.00%
Variance text: The budget variance is less than or equal to 5%.
Whole Life Cost £756.36m
WLCost text: The projects Baseline Whole Life Cost is £756.36m. This is primarily due to the following factors: £640M of expected capital funding for the Nature for Climate Fund was announced as part of the Budget in March 2020. Only the 2021-22 financial year was scored at the 2020 Spending Review meaning future years funding is subject to approval through subsequent Spending Reviews.
Sourcefile IPA_2021.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.