Purpose

This report asks Cabinet to adopt the
Warwickshire, Coventry and Solihull Natural Capital Investment
Strategy as the basis for utilising natural capital funding across
the sub-region, noting that the strategy aligns closely with the
Council Plan (invest in our biodiversity) and has the potential to
support the delivery of the future Local Nature recovery Strategy.
In addition, the report proposes that, as the next steps, the
governance arrangements are put in place to oversee the delivery of
the strategy, including developing an implementation to address the
elements set out in Appendix 2.

Decision

Resolved
 
That Cabinet
 

1)   
Approves the Warwickshire, Coventry and
Solihull Local Authorities Natural Capital Investment Strategy
(NCIS) as set out in Appendix 1; and
 
2)   
Authorises the Executive Director for Communities in consultation
with the Portfolio Holder for Environment, Climate & Culture to
work with partnering local authorities through the establishment of
the officer led NCIS Management Group to develop a Warwickshire,
Coventry and Solihull Local Authorities Natural Capital Investment
Implementation Plan (NCIIP) (as set out in 1.4 and Appendix 2)
noting that a further report will be brought back to Cabinet for
approval of the NCIIP.