EEP – Ecobank

The aim of the Ecosystem Enterprise Partnership – Ecobank(EEP-Ecobank) is to work with land managers, industry, conservation managers and communities to allow the potential growth of Pembrokeshire’s economy while improving the environment of the Milford Haven and Cleddau catchment.

Context
There is a growing concern over the loss of biodiversity in Pembrokeshire with the majority of Pembrokeshire Marine SAC features in unfavourable conservation status and nutrient loading into the Milford Haven  identified as a key priority action. The waterway is considered as being “full” with no headroom in the Milford Haven catchment, this presents a potential barrier to development and therefore any future schemes requiring a permit to discharge into the catchment will require some form of offsetting scheme.

The EEP-Ecobank has emerged in response to growing recognition of the need to create a new, innovative and collaborative approach to how we manage our natural resources. The project aim was to carry out a feasibility study testing the validity of a market-based offsetting scheme that provides a streamlined, consistent and robust nutrient assessment process.

This website provides full access to the feasibility study conducted in 2015 and a background to Payment for Ecosystem Services.

  • Global Ecosystem Banking Initiatives

  • Review and analysis of Pembrokeshire case studies

  • Land Manager Assessments - Credits

Next Steps

Through the Building Resilience into Catchments(BRICs) project further developments are being made to create an enterprise capable of running a nutrient based trading scheme.  BRICs is a 3 year(2017-2019), £600,000+ project, led by the Pembrokeshire Coastal Forum and PLANED. It is funded under the Welsh Government’s Rural Communities – Rural Development Programme Sustainable Management Scheme (SMS) which aims to support activities that will improve the management of Wales’ natural resources, and in doing so contribute to the well-being of our rural communities. BRICs is a combination of on the ground actions to improve water quality with the creation of a nutrient trading scheme which will allow the economy of Pembrokeshire to grow while improving the natural environment.

Working with