GREEN FINANCE: MARKET SCOPING

NHMF invests in the full breadth of the UK's heritage and, through our investment , we aim to make a lasting difference for heritage, people and the places we support. This is reflected in the outcomes we want our investment to achieve as set out in our Strategic Funding Framework (SFF): https://www.heritagefund.org.uk/sites/default/files/media/attachments/Heritage Fund - Strategic Funding Framework 2019-2024.pdf

Land and nature is one of three key funding priorities for heritage we have committed to within the framework, with a specific focus on the following 3 thematic areas of natural heritage:

Within the SFF, we also have a commitment to explore strategic interventions that can help champion innovation through testing and learning from new approaches and financing models that fit within our current Investment Powers . In the context of our support for natural heritage, most recently this has included work as part of the Future Parks Accelerator (a joint programme initiative with the National Trust) to catalyse and support local authorities to explore new funding models such as social investment and community enterprise in relation to the management of urban green space. The local authority cohort of eight places are being supported by consultants Finance Earth to develop new financial models and test new investment approaches to urban green space.

However, beyond the social investment pilot within FPA, Green Finance more broadly remains a gap within our current wider social investment portfolio which currently consists of significant external investments into both the cultural and built environment sub-sectors through two partnership funds - the Heritage Impact Fund and Arts Cultural Impact Fund . For this reason we therefore want to commission some focused market scoping of the rapidly growing UK-wide Green Finance space to inform the potential it holds for increasing our ability to protect, sustain and conserve our natural heritage for years to come through support for trialling and learning from these new investment approaches.

Our aim is to identify gaps and/or needs that could be supported and met by the Fund to accelerate Green Finance solutions to address the urgent needs of the climate and ecological crises, and that would deliver the greatest impact for nature's recovery.

Your tender proposals must be sent electronically via e-mail before the tender return deadline of 19th July at noon to the following contact:

Alexandra Roberts National Heritage Memorial Fund Mezzanine North International House

1. St Katharine's Way London

E1W 1UN

Email: Alexandra.Roberts@heritagefund.org.uk

www.heritagefund.org.uk