Carbon Overview Page, The Bell Ingram Blog Spot News

The Road to Net Zero: What it means for farmers and landowners

The Road to Net Zero: What it means for farmers and landowners

by Rhona Booth, Senior Associate

In an era defined by the urgent need to address climate change, the UK and Scottish Governments have emerged as global leaders in the race towards a sustainable future. With a commitment to environmental responsibility, both governments have set ambitious Net Zero targets signalling a transformative shift towards a low-carbon, resilient economy.

In Scotland, farmers and landowners hold the key to delivering many of the sector targets, specifically around carbon offsetting, sustainable farming practices, afforestation projects and initiatives to enhance biodiversity.

The Scottish Government also continues to invest in and promote the development of renewable energy projects, aiming to generate a substantial portion of the country’s energy from clean sources.

In this article I explore the financial opportunities around the strategies and initiatives employed by the Scottish Government to fulfil its commitments to achieving Net Zero.

Solar Power: One of the most promising avenues for landowners is the integration of solar energy into the national grid. Scotland’s government has been actively encouraging the adoption of renewable energy, and solar power is no exception.

Developers are actively pursuing solar opportunities across Scotland with hotspots on the East Coast where irradiance levels are highest. Bell Ingram are acting for numerous land owners, negotiating exclusivity agreements, Heads of Terms and assisting landowners and their legal advisors during the option and lease process.  Lease terms are typically 40 years with rentals significantly greater than those generated from agriculture making hosting a solar development and attractive proposition. Bell Ingram will negotiate the best deal with our knowledge of the market and expertise on practical matters of development. The developer will meet the cost of professional fees. Although the connection date to the grid can be up to a decade away due to the constraints on the electricity network, developers are keen to secure land at the present time via an option agreement.

Battery Storage: While solar (and wind power) are integral to the renewable energy landscape, they come with inherent challenges related to intermittency and grid stability. This is where battery storage systems play a crucial role. By storing excess energy generated during peak times and releasing it when demand is high, battery storage helps balance the grid, ensuring a reliable and stable power supply.

Landowners can enter into lease agreements with energy developers for the use of their land to host battery storage facilities. These agreements typically involve regular rental payments, providing a steady income stream for landowners without requiring active involvement in the day-to-day operations.

The land take for battery storage is relatively small, four to 20 acres making this opportunity as an addition to the farming business and income stream. The proximity of a substation is a prerequisite to hosting a battery storage scheme.

Carbon Off Setting: The financial opportunities for landowners in the realm of carbon offsetting, particularly through woodland creation schemes, are vast. However, it is essential for stakeholders to approach this market with a commitment to sustainability and ethical practices. By carefully navigating the complexities of acquisition, market dynamics, and ecological considerations, landowners can play a pivotal role in combatting climate change while reaping the financial rewards of responsible carbon offset initiatives.

Electricity Infrastructure: SSE’s massive £10 billion investment in electricity infrastructure is geared towards enhancing and expanding Scotland’s electricity infrastructure. This includes the development of renewable energy projects, grid upgrades, and the deployment of cutting-edge technology. Landowners situated in proximity to these projects stand to benefit significantly.

One of the primary opportunities lies in leasing land for renewable energy projects such as wind farms or solar installations. SSE’s commitment to increasing renewable capacity provides an ideal environment for landowners to generate steady income through long-term leases.

Beyond renewable energy projects, SSE’s investment includes significant upgrades to the electricity grid. It is important for landowners to engage early with SSE to ensure that their views are taken into account as far as possible in the design of the scheme. New pylons are the unfortunate requirement to secure renewable opportunities across the country and SSE and the Scottish Government has strong statutory powers the roll out their infrastructure programme.

Low-Carbon Hydrogen Economy: The Acorn Project, based in North East Scotland, is a groundbreaking initiative that aims to deliver low-carbon energy solutions. At its core, the project focuses on repurposing existing oil and gas infrastructure to support the development of a low-carbon hydrogen economy.

One crucial aspect of the Acorn Project is the need for gas transportation to the St Fergus terminal and those landowners situated along the gas transportation route to St Fergus have a unique chance to play a crucial role in this transformative journey. By exploring servitude agreements, lease arrangements, and actively participating in community development, it is envisaged that landowners can maximise the financial benefits while contributing to a more sustainable and resilient energy future.

Top Tips:

  • While the financial opportunities are abundant, it is crucial for landowners to navigate the regulatory landscape effectively.

  • Understanding planning permissions, environmental impact assessments, and community engagement requirements is essential for a successful partnership with energy infrastructure developers.

  • Seeking professional advice can help landowners make informed decisions and ensure compliance with regulations.

To find out how Bell Ingram can help your rural business make the most of these opportunities phone 01738 621 121 to speak to Rhona Booth or one of our Rural Land Management team.

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Forestry Case Studies, The Bell Ingram Blog Spot News

Forestry: Multiple benefits even in a quieter market

Forestry: Multiple benefits even in a quieter market

It seems 2023 has been a quieter year for forestry sales, with fewer properties being brought to the open market and agreed sales not seeing such high premiums paid as in the previous few years. One reason for this will be the fall in timber prices, which is obviously linked to the price paid for the growing crop – if returns from timber sales fall, plus there are increased harvesting costs resulting from higher fuel and other related costs, then the price investors are willing and able to pay has to reduce.

Sellers looking to secure high premiums need to be advised to consider the need to sell now or to readjust expectations, even if this is just in the short term. However, global demand for timber in the next 30 years is likely to continue to increase, partly based on the high sustainability of it within the construction industry, and it is well known that timber prices can be somewhat cynical – playing the long game should pay dividends. 

As a long-term investment, forestry remains a good bet, underlined by advantages in both capital gains and inheritance tax liabilities for commercially managed woodlands. Natural capital, carbon and peatland opportunities can also be secured from forestry, although the advice remains to exercise caution before jumping into deals which may hinder future flexibility, impact on the investment value or affect tax benefits.

Elsewhere in the market small amenity woodlands continue to see constant demand. As an affordable, often personal, investment, small local woodlands offer benefits and interests, again with opportunities to enhance a property’s biodiversity, improve public access or offer other community benefits. Enthusiastic owners working with forestry and other nature-based advisors can make big differences to a woodland’s interests in a relatively short time, and if kept for many years, monitoring can really prove these changes.

Finally, the need for firms to enhance their Corporate Social Responsibility (CSR) by getting employees to put something back into the community and the environment, means charities like The Woodland Trust or Wildlife Trusts can benefit from free input from volunteers. Planting new trees, clearing out invasive Rhododendrons or putting in a new footpath route also help cement the public’s engagement with woods in their locality.  Bell Ingram foresters and land agents can advise clients on suitable works for volunteers. Our staff are indeed encouraged to put on their own boots for nature-based volunteering activities as part of our efforts for both internal team building and enhancing the environment – watch this space for evidence!

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The Bell Ingram Blog Spot News

City and countryside top of the list for Perthshire buyers

City and countryside top of the list for Perthshire buyers

Perthshire’s property is witnessing a rising trend of buyers seeking a balance between urban conveniences and rural tranquillity. Properties that offer proximity to city amenities while being surrounded by the region’s stunning landscapes are in high demand. The market also shows an inclination towards eco-friendly and sustainable homes, as buyers prioritize energy efficiency and green living.

In this blog our Perthshire Estate Agents take a look back at some of the highlights of the 2023 market.

1 Ladeside, Kinross

No. 1 Ladeside is part of a courtyard development of four homes on the edge of Kinross, with attractive views out to the Ochil Hills. It has a private walled garden and a paddock to the east side of the property which extends to about two acres. The extensive accommodation, including five bedrooms, totals 280m2  and is spread over two floors. The fixtures and finishes are of exceptional quality and include oak facings and doors, limestone flooring throughout the ground level, and a large conservatory at the rear.  

2 Castle Hill View, Rumbling Bridge

Fixed price £650,000.

Sold from plan, this family home is set within a small development of four detached homes in a semi-rural location with magnificent uninterrupted views, yet with easy access to local amenities and well respected schools. The appeal of high quality build and eco credentials meant interest in this property was in high demand.

Grange of Errol Development, Errol

Prices from £539,000.

Our estate agents witnessed huge demand for the Grange of Errol a development of luxury eco homes built by The Good House Company, with all houses reserved in the first week on being on the market. The Good House Company was founded in 2006 and is renowned for producing homes that are A-rated for energy efficiency, vital to compensate for the ever-increasing cost of fuel bills. They are super insulated and are heated by low-carbon technology. Their future aim is to build homes that are carbon-neutral and they are passionate about not sacrificing quality of finishes in order to be an ‘eco’ home – you can have both.

Maryfield, Meigle

Offers over £360,000.

Period properties will always be in high demand and Maryfield in the Perthshire village of Meigle is a great example. A handsome period property dating from the late Victorian era, with a later extension to the rear with well-proportioned rooms retaining many of the typical features expected in a house of this period.

Our Perthshire Estate Agents are looking for similar properties to sell across the Perth and Kinross area. If you are thinking of moving, discuss our market appraisal contact Carl Warden on 01738 621121 or email carl.warden@bellingram.co.uk.

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The Bell Ingram Blog Spot News

Busy year of transactions for Oban Estate Agents

Busy year of transactions for our Oban Estate Agents

It has been a busy year of transactions for our Oban Estate Agency. Operating across Argyll & Bute and the Inner Hebrides our west coast property experts have continued to witness a surge in the demand for second homes and holiday retreats. Buyers are looking properties that offer an escape from urban life, with a focus on outdoor activities such as hiking, fishing and water sports. The region’s rice history and cultural attractions further enhance its appeal, making it a popular choice for both domestic and international and buyers.

There is an increasing interest in reviving old properties while preserving their original charm. This trend aligns with a growing appreciation for sustainable and eco-conscious living, as restoration often involves repurposing existing materials.

Here is a selection what our Oban Estate Agents have sold in 2023.

Craighrannoch, Ballachulish

Guide Price £800,000.

Set in a picturesque, secluded coastal location on the shores of Loch Leven and on the fringe of the coastal village of Ballachulish, Craighrannoch is a traditional stone villa, perfectly positioned to enjoy the panoramic views.

Cuilcheanna & Cuilcheanna Cottages, Onich

Guide Price £1,045,000.

Cuilcheanna presented a wonderful lifestyle opportunity for the right buyer with a five-bedroom family home and four well established holiday cottages, located within the ever-popular coastal village of Onich. This property offered an excellent opportunity to escape city life with an established holiday business and substantial income potential.

Achavaich, Connel

Guide price £495,000.

This beautifully presented traditional farmhouse with converted barn, set in a much sought-after location on the fringe of the coastal village of Connel and benefitting from far reaching views across the local countryside. This beloved family home offered buyers idyllic family life and carefree rural living coupled with easy access to the thriving coastal hub at Oban.

Our Oban Estate Agents are looking for similar properties to sell across Argyll & Bute and the Islands. If you are thinking of moving, discuss our market appraisal contact Andrew Fuller on 01631 566122 or email andrew.fuller@bellingram.co.uk.

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The Bell Ingram Blog Spot News

High quality of life still fuelling Highlands & Islands property market

High quality of life still drawing buyers to the Highlands & Islands

Bell Ingram’s Highland Estate Agency team reflect on 2023 as the Highlands & Islands region continues to experience high demand caused by the rise of remote work. As more professionals embrace flexible work arrangements, there is a growing interest in properties that offer a high quality of life in a remote setting. Waterfront homes, cottages with sea views, and properties nestled in nature are becoming coveted choices for those seeking a quieter and more serene lifestyle.

Here is a selection of what our Highland Estate Agents have sold in 2023.

7B Drimisdale, Isle of South Uist

Offers over £525,000.

7B Drimisdale presented buyers a beautiful four-bedroom architect-designed house with studio annexe and approximately 14.17ha (34acres) of croftland in a peaceful lochside location on the Isle of South Uist. Perfect for wildlife enthusiasts this property’s idyllic location overlooked Loch Stilligarry which hosts a variety of rare and beautiful species.

Burnside of Enzie, Buckie

Offers over £335,000.

Burnside of Enzie offered buyers an immaculate steading conversion with four en-suite bedrooms set in the tranquil, rural location of Clochan near Buckie. The steading was built to the highest standard with quality oak finishing throughout.

Cuil Breac, Elphin

Offers over £300,000.

Nestled in the dramatic landscape of Elphin in the Scottish Highlands, this former croft house is a mountain lover’s dream home. Packed with character, the cottage included a recently completed extension which has wonderful living space where one could sit back and enjoy the views of the surrounding mountains and lochs.

Ty Cymro, Isle of Berneray

Offers over £180,000.

This unique property was one of a handful of traditional thatched black houses remaining on the islands. Rare to market this property was brimming with charming features and breath-taking views. Ty Cymro presented the perfect island home filled with charm and a great opportunity for buyers looking to enjoy an idyllic rural lifestyle.

Bay Cottage, Carinish

Offers over £325,000.

Bay Cottage is an exceptional modern and stylish design-led two bedroom waterside eco house located on the island of North Uist. Completely renovated and extended to the highest standards with unique, high-quality features and finishings throughout.

Our Beauly Estate Agents are looking for similar properties to sell across the Scottish Highlands and Islands. If you are thinking of moving, discuss our market appraisal contact Joanne Stennett on 01463 717799 or email joanne.stennett@bellingram.co.uk.

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Rural Land Management Page, The Bell Ingram Blog Spot News

Heat in Buildings Bill – Potential impact on privately let residential properties in Scotland

Heat in Buildings Bill – Potential impact on privately let residential properties in Scotland

Anyone involved in Scottish residential property management has been growing increasingly frustrated by the limited information available around the reform of Energy Performance Certificates (EPCs) in Scotland.

Initial legislation was drafted in 2019 but binned in 2021 due to Covid, and since then landlords and property managers have been left in limbo, knowing that changes to the minimum standard are coming but not knowing when they might come into force or what they might involve.

However, more detail emerged this week when the Scottish Government opened the consultation on the proposals for Heat in Buildings Bill.

This consultation confirms that the Government plans to require private landlords to meet a minimum energy efficiency standard by the end of 2028, and by the end of 2033 owner occupied homes will also need to meet a minimum energy efficiency standards.

So, what will the minimum energy efficiency standard be?

For years now, it has been known that a minimum EPC score is incoming but there has been a lack of clarity on how this might be achieved, and if there are going to be any exclusions or if there is going to be a price cap.

This new consultation proposes that minimum energy efficiency standards can be met by installing a straightforward list of measures. This list would be developed to ensure the biggest impact with the lowest degree of cost and disruption. It is important to note that the consultation says:

“Any homeowner who had installed these measures – or as many of them as are feasible for the type of home they live in – would be considered to have reached a good level of energy efficiency and meet the new standard.”

This is reassuring as it confirms that not all proposed measures will need to be met in every single property. The consultation suggests that the list could be:

  • 270mm loft insulation

  • Cavity wall insulation

  • Draught-proofing

  • Heating controls

  • 80mm hot water cylinder insulation

  • Suspended floor insulation

Many landlords and homeowners will have made energy improvements to their properties already; therefore this consultation proposes that alongside the above measures, there could be an alternative option of meeting these standards based on the result of an EPC assessment.

It is proposed that owner occupied homes that have ended their use of polluting heating, gas or oil for example, by 2033 will not be required to meet the minimum energy efficiency standard. However, private rented properties would still be required to meet the minimum energy efficiency standard, even if a clean heating system is already in place.

Finally, there is a hint of clarification around the consequences to landlords if their properties do not meet a minimum energy efficiency standard. The consultation proposes that properties in the private rented sector which do not meet these standards by the end of 2028 would not be allowed to be leased to a new tenant should the existing tenant leave.

The consultation on the proposals for Heat in Buildings Bill began on 28th November 2023, and is due to close on 8th March 2024.

The consultation can be read in full here.

Please contact Bell Ingram’s Rural Land Management team on 01738 621 121 if you have any questions and would like to discuss how this may impact your properties.

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Bell Ingram In The Community News

Bell Ingram Ayr digs in to help local community garden

Ayr digs in to help local community garden

Ayr colleagues took advantage of Bell Ingram’s commitment to supporting local communities by helping out at Eglinton Park in Irvine. The community garden supports people of all ages with their mental health by providing garden therapy through learning about gardening and growing food. Our team rolled up their sleeves for a day of hard work in the garden planting trees. 

HR Manager, Kirsty Watson comments: “We were delighted to be able to help at the Community Garden at Eglinton Park, which is a very worthy cause in our local area.

“At Bell Ingram we believe that it is important to be active members of the communities we operate in. That’s why we offer all employees one day of volunteer leave a year to take part in projects that are important to them, and to help our communities and countryside thrive.”

For more information about working at Bell Ingram visit: bellingram.co.uk/Work-with-us/

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Forestry Case Studies, Press Release Archive News

Forestry Grant Available for Scotland’s Farmers

Forestry Grant Available for Scotland’s Farmers

With 85% of farmland in Scotland classified as Less Favoured Area (LFA) and with current uncertainties over the future of agricultural subsidies, there are significant opportunities for landowners to maximise business productivity by adding value to underproductive land via woodland creation.

New woodlands have the potential to create an additional sustainable long term income stream for your business and an important source of low carbon, low cost woodfuel, at the same time as realising tax, livestock and crop productivity and environmental benefits.

Farmers looking to unlock the benefits of trees on their land can access £1000 funding from the Farm Advisory Service for woodland creation, which can now be used for Bell Ingram’s forestry services as Specialist Advisors to FAS.

Bell Ingram’s Forestry team would be pleased to talk to anyone who would like to take advantage of the funding options available.

Woodland Creation

Bell Ingram works with clients who wish to undertake woodland creation projects and are able to offer a “one stop shop” encompassing the whole process from the initial design and grant approval stage, through to implementation, maintenance and final establishment.

For larger schemes, we can also accommodate any Environmental Impact Assessment (EIA) requirements.

Most recently Bell Ingram has successful secured a number of Locational Premium Schemes, allowing landowner concerned to benefit from the additional incentives on offer and find an alternative land-use for marginal agricultural land.

To find out more about our forestry services in Scotland contact Geoff Brown on geoff.brown@bellingram.co.uk or 01292 886544.

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Press Release Archive News

Substantial home with views over the Firth of Forth estuary for sale

Substantial home with views over the Firth of Forth estuary

A detached family home in an elevated position overlooking Ravenscraig Park, with far reaching views over the Firth of Forth with over 400 m2 spread over four floors has come to market.

New to the market with Scottish estate agents Bell Ingram is Park View House for offers over £600,000.

Built about 1970, Park View House was substantially extended and upgraded in 2010 and now has plentiful accommodation, offering a great amount of flexibility for a growing family. 

There are a number of areas in the house that take advantage of its stunning location views over Ravenscraig Park and the Firth of Forth. These include a seating balcony accessed from the dining area, and the complete top floor which serves as a public room with glazed doors opening to a balcony with a glazed balustrade. There are great entertaining spaces both internally, with a games room and a bar on the lower floor, and externally with a covered area which also has a wood burning stove.

It has very high-quality fixtures and fittings including oak flooring, doors, skirtings and facings throughout. The welcoming reception hall has an oak floor with additional feature detailing, and two oak staircases to the upper and lower levels. The kitchen, in open plan with the dining/living area, has a mix of black and white gloss and glazed base and wall units with white Corian work surfaces.

In addition to the six bedrooms, the master en suite bedroom has an adjacent well fitted dressing room. 

The grounds extend to about 0.2 acres. The north facing garden is laid to lawn and the south is a terraced garden. The front driveway has ample parking for three vehicles and leads to a garage with a workshop and store on the floor below.

Commenting on the property, Estate Agent, Carl Warden says: “The wonderful location of Park View House combined with the wealth of accommodation and the quality of the fixtures and fittings makes this a must-see property. It offers so much flexibility for a growing family”.

For more information, or to arrange a viewing contact Carl Warden on 01738 621121 or email carl.warden@bellingram.co.uk 

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