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At present it is largely the domain of the scientists, but practical projects are developing to apply this concept in the wild. South West Water is running a scheme on Exmoor, other water companies are active in Northern England.
To keep up-to-date, it is worth a quickRead of the briefing note produced by the Valuing Nature Network. This is based on the discussion that took place at a meeting in Leeds in January 2013 where I gave a presentation on land management issues.
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