Developers will be able to pay into a new Nature Restoration Fund to meet their environmental obligations rather than negotiate on a scheme-by-scheme basis before being granted planning permission.
A delivery body, such as Natural England, will then take responsibility for securing positive environmental outcomes like delivering a reduction in nutrient pollution affecting the water environment or securing habitats to increase the population of a protected species.
Deputy Prime Minister and Secretary of State for Housing, Angela Rayner said: “For years, vital housing and infrastructure projects have been tied up in red tape leaving communities without the homes, infrastructure and jobs they need.
“Our Plan for Change will put an end to the status quo while restoring nature. It’s win-win for development and our environment, including targeted reforms allowing us to use the economic benefits of growth to fund tangible and targeted action for nature’s recovery.”
The proposal is now out to consultation and feedback can be given here.