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West London Chambers

West London Chambers

2 Projects, page 1 of 1
  • Funder: UK Research and Innovation Project Code: NE/Z503368/1
    Funder Contribution: 3,021,260 GBP

    Our Vision is to build national capability bridging scientific, finance, policy and third sector communities, harnessing and catalysing world-leading science to enable the greening of finance for nature and mobilisation of capital for nature recovery. The programme aligns with the 2023 UK Green Finance Strategy and Environmental Improvement Plan and is internationally relevant.?We bring together 17 research institutions, already engaging over 250 partners, into one high-impact network delivering co-designed, excellent and needs-orientated research, with activities that aim for broad-ranging impact. The programme comprises three 'flagship' initiatives, linked by a strategic coordination and integration hub. Flagship 1, Financing Green Sector Transitions, addresses the need to restore nature in the UK's agriculture sector, which accounts for over 70% of land-cover. In collaboration with the agri-food sector, investors and civil society, it will inform the development of financial tools and policies. These will be implemented at real-world sites in England and Northern Ireland to assess their impact on biodiversity. The research will also analyse the impact on habitats of international supply chains, such as tea and rubber imports. The goal is to create financial instruments and reporting mechanisms that benefit investors, land-users, nature and society, while addressing the impacts of global and UK agri-food chains on biodiversity. Flagship 2, Greening Finance for Nature, focusses on the decision-making processes of financial institutions such as banks and asset management companies. Their decisions can impact nature adversely, yet change could substantially address biodiversity loss. The focus will be on portfolio risk management, business strategy, risk disclosure and the prevention of greenwashing. The challenges include securing reliable data, addressing gaps in scientific knowledge and bridging the gap between science and finance. The goal is to revolutionise financial decision-making by incorporating nature within it. This will be driven by scientific data and guidance, and new regulatory frameworks. Flagship 3, Financing Biodiversity, tackles the challenge of financing biodiversity conservation and restoration with integrity at large-scales. It will promote best practices and coordination in biodiversity finance, and will champion the importance of between-site biodiversity and extinction risk reduction. This will ensure that conservation and restoration is effective, interconnected and extends beyond individual sites. Key stakeholders, including the Biodiversity Credit Alliance that co-designed the flagship, will help deliver a theory of change for scaling-up biodiversity finance. The goal is to define what high-integrity finance for biodiversity should look like, identify barriers and opportunities and start addressing them.

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  • Funder: UK Research and Innovation Project Code: EP/Y023846/1
    Funder Contribution: 2,661,340 GBP

    Park Royal is one of the largest employment sites in the UK, with 1,700 businesses, employing 40,000 people, 5.3% of West London's workforce, and producing 30% of London's food. Furthermore, the cluster contains firms that face all the technological challenges exhibited within the UK food system as a whole. Brunel has worked with its civic partner West London Business, and with its HE partner Harper Adams University, to co-create a programme of work that focusses on the innovation challenges of the food manufacturing and distribution sector in Park Royal. This has included presentations at events of the Park Royal Business Group (which is run by West London Business) and individual meetings with its members, as well as several meetings with strategic partners in West London, that helped define the focus of activities and identify the most effective delivery mechanisms. With the networks we had already established, and the key stakeholders engaged during the co-creation process, the project will drive the uptake of net-zero technologies across the estate, build projects between businesses that create circular economies and exploit industrial symbiosis, whilst acting as an exemplar and flagship for the UK food and drink sector as a whole.

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