There has been widespread misinformation blaming nature as a blocker to growth in the run up to the Chancellor’s speech this week, writes Joe Keegan, public affairs officer at The Wildlife Trusts.

In 2021 Rachel Reeves announced her ambition to become ‘Britain’s first green chancellor’ – however, recent announcements on planning and airport expansion put this aspiration in jeopardy. The irony of Rachel Reeves’s crusade for growth is that these policies risk undermining the UK’s natural capital – an essential foundation for growth.
Nature is not a blocker to growth

Nature does not block growth – it is the very foundation on which growth is built. Research by PwC found that 47% of the companies on the London Stock Exchange are highly or moderately dependent on nature. The assertion that protecting nature undermines economic growth is simply incorrect; nature is the bedrock upon which the economy is built. The findings of the Dasgupta Review reiterate this view, highlighting the significant economic value of nature.

Healthy ecosystems provide stability for businesses by mitigating risks such as flooding and droughts and filtering pollutants from the air and water; nature provides the stability necessary for business. Beyond these practical benefits, restoring nature also delivers significant well-being and health benefits, which strengthen the foundation for sustainable growth.