Today (Wednesday 2nd November) the Department for Environment, Food and Rural Affairs (Defra) has appointed Federated Hermes and Finance Earth as preferred fund managers to develop a new public-private impact fund to invest in restoring nature: the Big Nature Impact Fund. This follows a competitive procurement exercise.
Defra will play a supporting role in the fund by providing seed investment and an active role in setting the fund's mandate and governance through a Limited Partnership Agreement with the fund managers and other investors. The fund managers will now commence engagement with investors and project developers.
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