This announcement follows the success of the first auction which closed in February 2020 and saw 18 contracts offered by the Forestry Commission to help stimulate the creation of 182 hectares of new woodland, specifically to help combat climate change.
Sir William Worsley, Chair of the Forestry Commission, said: “The Woodland Carbon Guarantee is the first scheme of its kind to provide land managers with long-term certainty of a guaranteed payment rate for carbon, which their trees lock up and store.
“I’m excited to announce that the first auction has successfully encouraged projects in parts of the country where new planting has been lower in recent years, and across a good range of woodland types. There is no reason to delay applying and to plant trees now – I strongly encourage all land managers thinking about planting to sign up ahead of the second auction in June. The outcome of the first exploratory auction in February paves the way for larger scale projects to secure funding in forthcoming auctions. A series of auctions will take place every six months for up to five years.”
The government manifesto commits to increase planting across the UK to 30,000 hectares per year by 2025. This spring a new English Tree Strategy will be consulted on, looking at policies to expand, support and increase public engagement with woodlands.
What is on offer?
Unlike most existing woodland creation support mechanisms the WCaG is not a grant or a fund and it does not contribute towards the cost of planning, establishment or early maintenance.
Woodland creation projects accepted into the Woodland Carbon Guarantee have the option to sell WCUs to the government every 5 or 10 years up to 2055/56. The government will buy the WCUs for an agreed guaranteed price that is index-linked for the life of the contract. You can still choose to sell the carbon credits on the open market at any time.
Find out more about the funding on offer in our
and in the more in-depth guide to