The Quarry Products Association (QPA) has strengthened its
commitment to restore quarries in the UK by extending its
Restoration Guarantee Fund to cover all aggregate operations,
including rock.
The fund is committed to provide financial indemnity to planning
authorities where a rock, sand and gravel, or silica sand producer
member of the QPA defaults on restoration obligations by becoming
insolvent.
Set up as an arms length limited company, the fund provides for a
£1m overall guarantee against restoration default with a
single claim limit of £500,000.
"We recognise that some local authorities may, when granting
planning permission for a quarry, require the security of knowing
that they can ensure its ultimate restoration. This fund provides
them and their local communities with an important safety net,"
said QPA director general Simon van der Byl.
"At a time when the government is reviewing how the nation's
aggregate needs will be met in the future, we are pleased to be
able to demonstrate our commitment to sustainable quarrying," added
van der Byl.
The original fund, covering only sand and gravel quarries, was set
up in 1975 and has never been drawn upon.