Go to main content

Main Menu

£10m to boost tree planting – woodland carbon guarantee

21 April

£10m to boost tree planting in second auction of Woodland Carbon Guarantee.  (14 April 2020)

The Forestry Commission has announced that £10m will be available in the second auction of the Woodland Carbon Guarantee, to tackle the impacts of climate change.

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 Woodland Carbon Guarantee leaflet and in the more in-depth guide to Getting Started with the Woodland Carbon Guarantee

Apply for the Guarantee here.  (or speak to an advisor at the DR Company who can help with advice and submitting applications)

Notes

The auction is planned for 8-19 June and will close applications on 5 June, but this will be kept under review.

All application forms including the auction process are completed online in line with latest government guidance.

Successful applicants will not be expected to plant until the next tree planting season (winter 2020/21).

The Woodland Carbon Guarantee can be used alongside other grants and funds available to plant new woodland as long as Additionality rules under the Woodland Carbon Code are met.

The Woodland Carbon Guarantee is a long-term contract and recipients won’t receive immediate payments. Instead, land managers will receive a guaranteed income for delivered carbon units at agreed dates over 35 years if they wish to sell carbon units to the government.

Before applying, you will need to have registered with the Woodland Carbon Code, which provides the tools and information required to plan your woodland and calculate the amount of carbon that it will remove from the atmosphere. The woodland will also need to comply with the requirements of the UK Forestry Standard.

 

Back

Go back
Greater Dartmoor Local Enterprise Action Fund South Devon Coastal Local Action Group Trading Standards Approved Cyber Essentials Plus
Greater Dartmoor Local Enterprise Action Fund South Devon Coastal Local Action Group Trading Standards Approved Cyber Essentials Plus