Ground Control on the maturing BNG market
Description
The Biodiversity Net Gain market has come along way since BNG became mandatory in England under the Environment Act 2021. The ruling requires developers to deliver at least 10% biodiversity net gain for new construction projects.
In this week's HortWeek Podcast Rachael Forsyth speaks to head of sales and services Emma Hindle and head of business development Brian Smith at Ground Control, which provides ready-to-buy BNG units as part of a habitat bank.
They discuss how the market is developing, the drivers of demand, and shifting balance of supply and demand.
Although Government targets and policy for house building is driving construction projects, Brian explains that Ground Control is "not betting the farm on housebuilders" and is keeping it's client base deliberately broad, including utility companies, transport companies as well as corporate clients such as supermarkets. Interestingly, a burgeoning "voluntary market" is also part of the picture, he says,
But while developers might, understandably, focus on the immediate costs when deciding on how to approach BNG requirements, a 30-year maintenance lifespan means a "whole life" cost approach is more appropriate, he argues.
The market has come on leaps and bounds since 2021, Emma adds, insisting the focus should always come back to nature recovery and the "benefits for the country". Many that had reservations initially are now "taking it seriously", she says, and the prospects for BNG over the next five years are "amazing".
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