2023 Report details for project: Nature for Climate Fund
| Project name | Nature for Climate Fund - there are 3 reports for this project: 2021, 2022, 2023 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | DEFRA (D7 ) - see all reports for this organisation |
| Report year | 2023 (data is from September 2022) |
| 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) | Red |
| DCA text: | Compared to financial year 21/22-Q4, the IPA's DCA rating at 22/23-Q4 decreased from Amber to Red. This is primarily due to the following factors. We have implemented many of the recommendations made by the IPA in 2022, and continue to welcome their support and assurance to improve delivery confidence. We have continued programme activity at pace, having sought greater clarity over the future of woodland creation and recalibrated planned activity through the programme's annual review process. |
| Start date | 2020-04-01 |
| End date | 2025-03-31 |
| Schedule text | Compared to financial year 21/22-Q4, the project's end-date at 22/23-Q4 remained schedule to finish on 2025-03-31. This is primarily due to the following factors. The NCF Programme is now well into its delivery phase, witha range of initiatives scheduled to deliver tree planting and peatland restoration. The programme's trajectories are showing an upward trend through the remaining years of the programme, but there are several key enablers required to match the planned delivery trajectory, which steepens over that period, and these are not certain. These key enablers include landowner demand for the schemes put forward through the NCF and the ability of the wider sector to respond to that demand. There has been a significant effort to implement these enablers and improve delivery confidence for years 4-5, and for woodland creation and peatland restoration beyond NCF. |
| Baseline | £219.26m |
| Forecast | £219.26m |
| Variance | 0.00% |
| Variance text: | The budget variance is inferior or equal to 5%. |
| Whole Life Cost | £928.00m |
| WLCost text: | Compared to financial year 21/22-Q4, the project's departmental-agree Whole Life Cost at 22/23-Q4 increased from 763m. to 928m. This is primarily due to the following factors. The increase in Whole Life Cost is due to an increase in the overall Programme budget and scope which was approved through an updated business case in 2022. |
| Notes1: | |
| Notes2: | |
| Sourcefile | IPA_2023.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.