UK wide: The Environment Act 2021 introduced significant changes for the construction industry, and it will also mean additional considerations for lenders choosing to fund construction projects. From January 2024, the new ‘Biodiversity Net Gain’ (BNG) requirements will apply to projects requiring planning permission with limited exemptions for small sites, which are expected to require BNG from April 2024, and DCOs, where BNG is expected to be implemented in 2025. BNG should be at the forefront of developers’ and key stakeholders’ (including lenders’) minds when considering developing or funding projects.