UK’s first biodiversity offset sale imminent

DEFRA has delayed a green paper on biodiversity offsetting until the autumn to refine policies, but the delay is not stopping the first project going ahead

The UK’s first biodiversity offsets scheme is to go ahead imminently in Oxfordshire – a landmark for the concept.

Taylor Wimpey is to buy offsets to create a meadow on chalk escarpment in South Oxfordshire. This will replace habitat lost while building a 98-home development in nearby Southmoor.

The new habitat will initially be 2.2 hectares in size, and cost Taylor Wimpey about £51,000 according to a 1 May letter outlining the scheme.

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