Using a six capital approach to ensure Good Growth
Using a six capitals approach encourages us to think about how applying low carbon and circular economy principles can:
- protect our natural resources
- benefit people – improve skills, wellbeing and relationships
- improve our infrastructure and technologies – ensure they last longer, better meet users’ needs and are fully utilised
- develop an economy that is competitiveness and resilience.
This approach ensures that when our economy grows, people and the planet also benefit.
The importance of natural capital
Landscape Enterprise Networks
Yorkshire landscapes have a material impact on the success of Yorkshire’s economy – especially the agri-food, recreation, and manufacturing sectors, which together make nearly half of the region’s GVA. Recent analysis by 3Keel commissioned by the LEP and Local Nature Partnership, in collaboration with Nestle and the Woodland Trust has shown that key landscape functions such as flood mitigation, production of raw materials, and attracting talent and tourists were directly connected to the operational and strategic needs of businesses across the Yorkshire economy.
Read more about the LENs approach from Nestle’s Head of Value Chain Sustainability, Andy Griffiths here.
Would you like to get involved in building a business network to co-invest in our landscapes? Please get in touch with the team by emailing [email protected]
The value of natural capital to York & North Yorkshire
In October 2019, we commissioned a study to understand the value of natural capital to the local economy and to understand the risks of “business as usual”. The study is currently being finalised and will be published here in May 2020.