Cambridgeshire to secure $6Mn funding to overcome climate change

As per credible reports, a funding package of multi-million-pound for aiding in restoring the area's exhausted natural capital and facing the impact of climate change has been set to be approved.

The combined authority of Cambridgeshire and Peterborough is expected to discuss the funding of approximately £5 million ($6.1 million) for seven projects at its board meeting, which is expected to be held on June 27th Monday.

This includes a £2 million ($2.4 million) pot for a care home retrofit scheme for supporting the businesses to lower carbon emissions and £ 1 million ($1.2 million) for a net-zero communities programme, which will support small-scale communal headed projects for moving towards a future with net-zero.

Dr Nik Johnson, the Mayor, said that these extraordinary projects are just what Peterborough and Cambridgeshire are looking forward to aiding help toward the net-zero carbon future.

He further said that the country is responsible for supporting and championing projects that further demonstrate the right direction.

The mutual benefits of looking after the environment are crystal clear.

Investing now in the qualification of climate change and safeguarding the local environment will now eventually be paid back with higher green spaces to enjoy, cheaper energy, healthier living and better flood management.

As per credible sources, funding of £280,000 ($342,777) is proposed for the Logan's Meadow resident nature reserve wetland extension and around £210,000 ($257,083) for supporting Natural Cambridgeshire to offer its Doubling Nature vision.

The bids for the project were presented in December 2021 in the budget of the Combined Authority in response to the MTFP (Medium Term Financial Plan) session, where members of the public and key shareholders were asked about their interpretations of the innovative draft sustainable growth ambition.

Furthermore, the projects have undergone a systematic process for ensuring that they match with the policy framework of Combined Authority which includes scoring it against the authorized six keys and contribution to the local economy along with the affordability and strategy fit.

Source Credit - https://www.cambridgeindependent.co.uk/news/funding-to-help-cambridgeshire-tackle-climate-change-9259913/