Members’ Agreement / Articles of Association - Term SheetMembers’ Agreement / Articles of Association • February 27th, 2023
No. Term Proposal 1. Company Name NORFOLK ENVIRONMENTAL CREDITS LIMITED 2. Trading Name Same as registered name – see above. 3. Type Company limited by guarantee 4. Registered office address c/o Birketts LLP, Kingfisher House, 1 Gilder’s Way, Norwich NR3 1UB 5. Financial Year 12 months from the month end when the company is registered 6. Business of the JV Co The JV Co will: - buy environmental mitigation and sell environmental credits- provide an effective portfolio of projects to help mitigate the impact of nutrient enrichment arising from additional housing development;- oversee the creation, accreditation and monitoring of a range of large-scale mitigation measures;- work with local authorities who will be the “Competent Authority” under The Conservation of Habitats and Species Regulations 2017 for the purposes of nutrient neutrality- Work with organisations who are acting as the “Responsible Body” under the Environment Act 2021 for the purposes of biodiversity net gain, including
