Chamber and committees

I refer the member to the answer to question S6W-15868 on 24 March 2023. All answers to written parliamentary questions are available on the Parliament’s website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers .

The Memorandum of Understanding (MOU) is legally binding between the parties (NatureScot, Hampden & Co., Lombard Odier Investment Managers and Palladium). Scottish Government Ministers are not party to the MOU, but are aware of the work NatureScot are undertaking as part of the agreement.

I refer the member to the answer to question S6W-15876 on 24 March 2023. All answers to written parliamentary questions are available on the Parliament’s website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers .

The Memorandum of Understanding has no fixed term and can be terminated at any time by NatureScot.

NatureScot approached the Scottish Land Commission to provide advice so that the design of the investment meets the expectations for community engagement, benefit and ownership that are set out in the Scottish Government’s Interim Principles for Responsible Investment in Natural Capital. Neither the Scottish Land Commission nor NatureScot will be paid by the investors for their advice.

Rather than extracting wealth, this partnership will deliver responsible investment in both the pilot project areas and Scotland more widely.

Financial matters relating to the pilot cannot be determined until detailed investment cases for projects have been discussed and produced with land managers.

While some detailed financial and legal information between investors and project land managers will be confidential between those parties, NatureScot’s agreement with partners will remain subject to normal information management obligations, including Freedom of Information. NatureScot will disclose all information in line with those requirements.

This project will work with existing land owners and managers to restore native woodlands and other habitats, rather than acquiring land or changing land ownership. Although the Memorandum of Understanding does not rule out the purchase of land, the only scenario in which the partnership would consider this is where there is an opportunity for a community to buy land and help deliver the project aims.

The matters referred to will be explored during the design phase of the project. Alternative models of ownership will be encouraged, where appropriate and this will be further scoped during the design phase of the project.

I refer the member to the answer to question S6W-15873 on 24 March 2023. All answers to written parliamentary questions are available on the Parliament’s website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers .