Our proposed approach to funding bioresources activities at PR24

Our proposed approach to funding bioresources activities at PR24

Published date: December 9, 2021
Closing date:


About Consultation

Earlier this year we published our review of the bioresources market – this identified a number of issues that need to be addressed to support this market. We consulted on proposals to address these issues, including how we could improve how we determine the funding for companies’ bioresources activities at our next price review in 2024 (PR24). Having considered consultation responses, this document:

  • consults on additional information that companies would be expected to provide alongside their regulatory reporting for 2021-22 to improve our econometric cost benchmarking models;
  • consults on more detailed proposals for a new approach to how bioresources activities could be funded at PR24; and
  • includes a request for information to enable us to inform, and potentially help implement, our preferred approach.

Note that the consultation on our general approach to base costs.

Where to send submissions

We would welcome any comments on this document. At the end of sections 2, 3 and 4 we set out specific questions for stakeholders. Please email your response to: [email protected] and [email protected]. The closing date for this consultation and when the required information should be submitted is 5pm 10 February 2022.

If you wish to discuss any aspect of this consultation, please contact Alex Whitmarsh by email at [email protected]

Supporting documents