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Dundee Waterfront SuDS

Adaptation Scotland are supporting partners within Tayside (Dundee, Angus and Perth and Kinross) to develop a new Regional Adaptation Partnership to address climate risks at a regional scale.

The Partnership is at a very early stage in its development and are currently undertaking stakeholder engagement activities to involve a wide range of people and organisations across the region in defining a shared vision and priorities for the new partnership.

Over the course of this year, the Partnership aims to have a shared vision and approach to collaborative working that will support a business case to secure long term funding and support for adaptation action in Tayside.

INVITATION TO QUOTE

Project aims

Adaptation Scotland is supporting Tayside Adaptation Partnership by:

  • Undertaking stakeholder mapping and engagement work to create a joint Vision of what an Adaptation Partnership in Tayside would be
  • Developing a business case for an Adaptation Partnership to assist in securing long term support and financing for the implementation of adaptation action in the region
  • Developing shared plans for communications, branding and messaging for the region
  • Exploring mechanisms to improve data sharing and decision making across the region, including longer term Governance structures for a Partnership.

Get involved

Cover of the guide to climate adaptation finance report

The adaptation finance challenge

There is a significant shortfall between the finance available for adaptation and the amount required – ‘the adaptation finance gap’. These resources aim to support development of the knowledge and skills needed to help to close this gap and successfully finance adaptation projects in Scotland.

Finance for climate adaptation related projects (both when adaptation is a primary and secondary objective) is required. This finance will need to consider climate risks and impacts, as well as adaptation benefits and costs, and must be aligned to the relevant legislation and regulations.

The third UK Climate Change Risk Assessment (CCRA3), and the Climate Change Committee’s Investment for a Well Adapted UK report, have highlighted the high economic costs of climate change, but also the high economic and societal benefits of adaptation, reporting that investing in such action is extremely effective and efficient.

The Adaptation Scotland programme has worked with industry experts to develop a suite of resources to help build a deeper understanding of the opportunities presented from investing in or financing adaptation action, the common barriers to financing adaptation, and case studies of businesses models that could be replicated to increase the speed, quantity, and scale of adaptation finance in Scotland.

Guide to adaptation finance

The Guide to Adaptation Climate Finance was developed in partnership with a ‘Climate Finance Working Group’, made up of industry experts across Scotland. It introduces adaptation finance, identifies current barriers, and aims to support development of the knowledge and skills needed to successfully finance adaptation projects in Scotland. It is relevant for a wide range of sustainability, finance and project development professionals; anyone assessing financing options for climate adaptation related projects. It explores three use cases: public, blended and place-based adaptation finance.

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Insights and opportunities report

This report builds on barriers identified in our Guide to Climate Adaptation Finance, to identify opportunities for stakeholders in Scotland to address those barriers, and unlock finance for scalable, inclusive adaptation. This report is informed by a series of semi-structured interviews with key informants, alongside a review of relevant literature, news stories, and blogs.

The report identifies 12 opportunities for overcoming barriers to financing adaptation and mobilising private finance. These actions cover policy, market development and frameworks, data and information sharing, research, and industry-led action. The report also highlights that much can be learned from the nature finance sector, where there is innovation in market-based approaches to financing action. Opportunities exist to maximise synergies between nature finance and adaptation outcomes, but adaptation responses extend beyond naturebased approaches, so will require their own distinct market development and business models.

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Developing adaptation finance business cases

The Developing Adaptation Finance Business Cases resource was commissioned in collaboration with the working group and produced by Paul Watkiss Associates. It examines the opportunities for public, private, blended and third sector finance for three projects that would have traditionally been public grant financed.

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Adaptation Finance Case Study: Craigleith Retail Park

This case study, produced with Paul Watkiss Associates, explores the financing options support the retrofit of blue-green infrastructure in an urban setting. This project developed a potential business model to finance the work, reducing current and future flood risk (and to an extent, future heat risk) whilst increasing property values, footfall, biodiversity and air quality.

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Image of Craigleith retail park in Edinburgh with patches of standing water and cars in the car park

Craigleith retail park in Edinburgh

A bridge stretches across a river into the distance.

The Tay Bridge

Adaptation Scotland is supporting the formation of a new regional adaptation partnership in Tayside to address climate risks. We are inviting local people and organisations to help shape a shared vision and priorities through sector-specific events.

The climate in Tayside is changing and the region is experiencing warmer, wetter weather, increased storms, and higher sea levels, all of which is set to continue even if we achieved net zero tomorrow. We need to adapt to these changes to allow us to become more resilient and ensure Tayside can continue to flourish.

At this early stage, we want to involve people and organisations across the region in defining a shared vision and priorities for the new partnership. Four sector specific events have been designed to provide opportunities for different groups to have a say in what the partnership could be, what it could do and how it could work, and we are inviting people who live or work in the area to join in.

Each workshop will explore how a regional partnership can advance adaptation in Tayside, using these three key questions:

Each event will run from 12:30pm – 3pm with lunch available from 12:15pm. Space is limited, so we ask you to register no more than 2 people per organisation or group. If you want more people to attend, please contact [email protected] and we will do our best to accommodate you.

Please register via Eventbrite for the event most relevant to you. Each event will be tailored to that audience. If you are unable to attend your preferred event, please contact us rather than booking onto another event.