Investing in our Natural Capital

Richard Powell OBE, Regional Director, National Trust

Our starting point:What is a Green Economy?

“A green economy is not a sub-set of the economy at large – our whole economy needs to be green. A green economy will maximise value and growth across the whole economy, while managing natural assets sustainably.

It will help UK businesses take advantage of new markets for environmental goods and services, and to demonstrate the strong stance the UK is taking internationally to reduce carbon and tackle climate change.”

• Reinforce Norfolk and Suffolk’s ‘USP’ as the government’s choice for the GEP.

• Deliver a ‘routemap’ for transition to a sustainable green economy that will help boost growth, create jobs, develop skills, increase resource security and better position the UK in the competitive global marketplace.

• Deliver substance through ideas and case studies that put low carbon at the heart of business opportunity and success.

• Establish New Anglia as a green economy capital.

Our Objectives

International opportunity - £116 billion UK shareNational LeadershipLocal potential

Key Partners include:

Academia

AcademicsBusiness leaders, strategists, entrepreneurs

Local authorities

Making the ConnectionsNorfolk & Suffolk Local Nature Partnership

Business and Biodiversity

New Anglia Local Enterprise Partnership

Vision & Mission

Our vision is to lead the transition towards a green economy, delivering benefits across our region and nationally.

Our mission is for Norfolk & Suffolk to:•grow sustainably and for the long term•use natural resources efficiently•be more resilient•build on current experience and exploit comparative

advantages

Inclusive Green Growth

GDP+

“

The natural capital of Norfolk and Suffolk is a key asset for our economy, and the sustainable gilts or bonds for the region; the ‘family silver’ if you like. We must make sure we continue to invest in these reserves, and grow them; the dividendor surplus they generate must be reinvested in our natural capital. Losing our equivalent to ‘triple-A rating’ for the natural environment isn’t an option if we want a sustainable green economy to flourish.”

Richard Powell OBE National Trust

Bank of Natural Capital - AssetsBank of Natural Capital - Assets

Bank of Natural

Bank of Natural Capital - AssetsCapital - Assets

“The natural capital ‘bank’ of Norfolk and Suffolk is good. Our natural capital assets

provide food, homes and amenities for people and wildlife, communities and businesses – delivering productive agricultural land, the

highest density of important sites for wildlife in England.”

Bank of Natural Capital – Performance• Employment

- 118,000 people employed in food & farming

• Tourism - Broads - over 7 million visitors per year

• Income - £437m income to the Broads- £3.4bn – value of tourism sector

• Health- Saving £2.1bn – UK Health Budget

Yellowstone Effect will......

• establish the full attractiveness and value of the natural environment

• raise awareness in the business community of how environment can play an important role in business

• be beneficial to the economy of the area by linking landscape, farming, tourism, wildlife, recreation, heritage and local food.

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Burwell Fen

SB Lode Bridge

Green infrastructure

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Wicken Fen Vision area

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