EnTrade, the UK's leading marketplace for nature recovery and currently owned jointly by Arup and YTL UK, has announced proposals for Arup to take full ownership of the business.
EnTrade is the pioneer in creating market-based solutions that mobilise private capital to support nature recovery and unlock economic growth. EnTrade has developed a unique platform to facilitate these markets and has successfully run two pilot markets, delivering £1.36 million in environmental credit trades to fund new habitat creation, water quality improvements and enable housing developers to meet their environmental obligations in an efficient and transparent way.
The EnTrade board has praised the pioneering work of the team, and particularly the leadership of Managing Director, Guy Thompson. Under the proposed arrangements, the existing team will move on to new opportunities, with the EnTrade business being taken forward by Arup.
Tom Wilcock, Managing Director of Arup UKIMEA, said:
"We've been very pleased to play our part alongside YTL UK in the development of EnTrade and, with YTL UK rationalising its investment, we are excited by the opportunity to lead and shape the next stage of its future."
As part of these changes, the Environmental Markets Board, which provides independent oversight of catchment markets, will be established as a separate legal entity to support integrity, transparency and good governance across environmental markets nationwide.
Notes to editors:
Find more information on the work and future of the Environmental Markets Board.