Peel L&P plans to create its first biodiversity bank that will enhance habitats and promote biodiversity.

Peel L&P's Sustainability & ESG Director, Jo Holden, made the announcement during a natural environment session at the GMCA's Greater Manchester Green Summit in Salford.

The biodiversity banking project will involve habitat enhancements, including grassland and woodland, across a 35 hectare, ex-landfill site in Boothstown, Salford.

Peel L&P has worked in partnership with local stakeholders including Greater Manchester Ecology Unit, Natural England and ecologists FPCR over the last couple of years to understand the potential for biodiversity enhancements on the site and develop a 30-year Habitat Management Plan. Peel L&P aims to voluntarily associate a 10% net gain for biodiversity with future development sites, and in Salford, some of this could be within the Boothstown biodiversity bank.

Following the introduction of the Environment Act in 2021, developers are preparing for a mandatory requirement in 2023 for new sites to demonstrate they provide an additional ten percent more biodiversity as part of the development. Defra has created a Biodiversity Net Gain metric, currently Metric 3.1, which will ensure new developments preserve natural habitats where possible, create and restore habitats, and promote ecological connectivity across landscapes. Where the additional ten percent biodiversity is not wholly possible on-site, areas such as biodiversity banks can be used by developers to provide more biodiverse habitats off-site.

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Enhancing and embedding biodiversity into its master planning activities is a priority for Peel L&P. The regeneration company's pledges to (i) ensure that its impact on existing ecosystems and habitats are evaluated and (ii) to leave a site with a better level of biodiversity than when it started, come hand-in-hand with the responsibilities Peel L&P recognises in its Sustainability Five Year Plan and planning ahead for mandatory Biodiversity Net Gain requirements.

The Boothstown project has the potential to generate around 120 'Biodiversity units'. Biodiversity units are calculated using the Defra metric, which considers the size of the habitat, its quality and location, and are used for land and intertidal habitats, including hedgerows, rivers and streams. The metric assesses existing habitats, and planned new habitats created by a development or land change.

All of Peel L&P's ESG activity is underpinned by the globally recognised United Nations Sustainable Development Goals. The focus on biodiversity supports Goal 15 ‘Life on Land’, helping communities connect with nature, promote biodiversity and to protect, restore and promote sustainable ecosystems.

Jo Holden, Sustainability Director at Peel L&P, said: "We are really excited to make this firm commitment to starting our very first biodiversity bank and to work in partnership with local and national stakeholders to better understand how biodiversity banking can work for landowners, developers and the environment in the North of England. It also shows our long-term commitment to prioritising biodiversity on this land in Boothstown.

"In addition to biodiversity banking, we are implementing a Ten-Year Biodiversity Action Plan at MediaCity, Salford, and our homebuilding division, Northstone UK, voluntarily submitted one of the first planning applications with a Biodiversity Net Gain (BNG) assessment to the Greater Manchester Ecology Unit, for our new sustainably-designed Airie community in Bolton. The BNG assessment compared baseline conditions to the plans for development and concluded that the plans will provide a net improvement to the biodiversity of the site, increasing biodiversity by 11%. At Peel L&P, we are now demonstrating a minimum of 10% BNG on all new projects as standard."