What the NCIZ means for Businesses and Communities

Natural Capital plays a vital role in the South of Scotland, where businesses and communities heavily depend on land and water resources for industries such as agriculture, fisheries, food production, forestry, outdoor recreation and tourism.

Managing and Monitoring Natural Assets

For local businesses and communities, understanding, managing and monitoring these natural assets through reliable data is essential. By harnessing this information, organisations can not only protect their resources but also attract innovative private sector investment, creating new opportunities and driving sustainable economic growth.

The Role of Community Wealth Building

Adopting a Community Wealth Building approach further amplifies these benefits by helping local enterprises, community groups and social enterprises to thrive. This approach supports job creation and skills development, enabling people to find meaningful work close to home while also enhancing the wellbeing of both individuals and the surrounding natural environment.

Policy Changes and Market Uncertainty

At present, policies around Natural Capital in the UK and Scotland are rapidly evolving, which can create uncertainty for land management organisations and investors. With developing markets and a lack of established mechanisms, businesses and communities may find it challenging to navigate these changes.

Adapting for a Sustainable Future

However, engaging proactively with Natural Capital initiatives will help them adapt to shifting policies, seize new investment opportunities, and secure the long-term sustainability of their local economy and environment.