Market intelligence for environmental credits.
Supply, demand and pricing across England's credit markets.
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Track availability and market activity for BNG, nutrient, water and (future) carbon credits, broken down by region, catchment and planning authority.
England environmental credit market — at a glance
Counts are Verdaq's tracked coverage, built from the public register and open planning data and reconciled by hand. They move as the register updates and should be read as coverage, not as an official market size.
- Natural England — Biodiversity gain sites register (Public register, updated continuously) source
- MHCLG planning.data.gov.uk — Local planning authority boundaries and plans (Open planning data, England) source
- Verdaq — Verdaq pilot requirements and supplier responses (Pilot dataset — small sample, indicative only)
Pricing trends, regional supply and demand pressure
| LPA | BNG | Nutrient (N) | Nutrient (P) | Water | Carbon |
|---|---|---|---|---|---|
| Stratford-on-Avon DC | |||||
| Test Valley BC | |||||
| Canterbury CC | |||||
| South Cambridgeshire DC | |||||
| Fenland DC | |||||
| Cornwall Council | |||||
| North Somerset | |||||
| Mid Suffolk DC |
Activity by region, catchment and LPA
| Region | Units | Providers | Trend |
|---|---|---|---|
| South West | 14,820 | 28 | |
| South East | 12,140 | 24 | |
| East of England | 10,930 | 19 | |
| East Midlands | 9,410 | 17 | |
| West Midlands | 8,920 | 18 | |
| Yorkshire & Humber | 7,840 | 14 | |
| North West | 6,520 | 12 | |
| North East | 4,210 | 9 | |
| London | 1,890 | 6 |
| Catchment | Market | Supply | Status |
|---|---|---|---|
| Solent | Nutrient (N) | 920 kg | Active |
| Stodmarsh | Nutrient (P) | 188 kg | Active |
| Tees | Nutrient (N) | 412 kg | Emerging |
| Anglian | Water | 32,400 m³ | Emerging |
Indicative pricing — BNG, nutrient and water
| Market | Unit | Low | Median | High | Trend |
|---|---|---|---|---|---|
| BNG | £ / unit | £21,000 | £28,900 | £42,000 | |
| Nutrient (N) — Solent | £ / kg N | £3,400 | £3,950 | £4,600 | |
| Nutrient (P) — Stodmarsh | £ / kg P | £6,800 | £8,200 | £9,400 | |
| Water — Anglian | £ / m³ (indicative) | — | Emerging | — | |
| Carbon (England Woodland / Peatland) | £ / tCO₂e | — | Coming soon | — |
Ranges are Verdaq's working view from pilot requirements, supplier responses and public listings. They are not a published statistic and should not be quoted as one. The statutory benchmark below is published by Defra.
- Verdaq — Verdaq pilot requirements and supplier responses (Pilot dataset — small sample, indicative only)
- Natural England — Biodiversity gain sites register (Public register, updated continuously) source
The published price every off-site deal is measured against
Defra sets statutory biodiversity credit prices by habitat tier. They are deliberately priced above the open market to preserve the spatial hierarchy, and are the last resort once on-site, same-LPA and same-NCA options are exhausted.
In practice this sets the ceiling on off-site negotiation. A developer who cannot evidence a compliant off-site option pays the statutory price, so the gap between the two is the value of running a proper search — and the number a planning committee or funder will ask about.
Where demand is concentrated
| Local Planning Authority | Market | Outstanding requirement | Demand pressure |
|---|---|---|---|
| Stratford-on-Avon DC | BNG | 1,240 units | High |
| Test Valley BC | Nutrient (N) | 420 kg N | High |
| Canterbury CC | Nutrient (P) | 92 kg P | Medium |
| South Cambridgeshire DC | BNG | 880 units | Medium |
| Fenland DC | Water | 18,000 m³ | Emerging |
Monthly and quarterly research
The Verdaq Indices.
Reference benchmarks for environmental credit markets, designed for procurement, valuation and capital markets use.