EGEGazette
En direct
businessRapporté

Company Buys 7,500-Acre Northumberland Moor for £8.5m Rewilding Project

Restore, a nature restoration firm, has acquired Emblehope Moor with a model that promises investors financial returns before transferring ownership to community or charity groups, according to the Guardian.

· 2 min de lecture · langue: en
Article image
The Guardian — Business

A nature restoration company called Restore has purchased Emblehope Moor, a 7,500-acre expanse in the far north of Northumberland, for £8.5m, according to a report by the Guardian. The site is described as the largest contiguous rewilding site under single ownership in England.

The moor, referred to in the report as 'Britain's Yellowstone,' sits in one of the most remote parts of the country. According to the Guardian, the area has no public transport, no roads, and no visible signs of human habitation. The report notes that online route-finding services mistakenly direct cars up a grassy track, and that the site can only be reached by traveling miles along gravel forest roads.

Restore works with landowners across Britain on nature restoration projects, according to the report. The company's approach to the Emblehope Moor acquisition involves a financial structure in which investors in the project will receive returns on their investment. Following that period, ownership of the land will be transferred to community groups or charities, the Guardian reported.

The project is being framed as an effort to separate profit-driven land acquisition from long-term conservation outcomes, with the eventual handover to community or charity ownership intended to secure the site's future beyond the investment period, according to the report.

Sources

EGazette résume des articles de plusieurs sources ; suivez les liens pour les originaux.

Articles liés

Comments

Sign in to join the conversation.

Forgot password?

No account?

Loading comments…