Norfolk Environmental Credits Ltd
Norfolk Environmental Credits Ltd (NEC) is a not-for-profit joint venture formed in early 2023 by five Norfolk-based local authorities: Breckland Council, Broadland District Council, North Norfolk District Council, Norwich City Council, and South Norfolk Council. Based in Norwich, NEC was established to help unlock sustainable housing development across the region by providing access to environmental mitigation schemes.
NEC plays a leading role in addressing the challenge of Nutrient Neutrality. Since January 2024, the organisation has been securing and trading nutrient credits across the Bure, Wensum, and Yare River catchments—enabling housing growth while protecting Norfolk’s natural environment. The organisation currently has a core team of three staff and is actively expanding.
How we have worked together…
NEC selected Price Bailey based on our strong track record of working with local authority-owned companies and our reputation for delivering high-quality financial services across Norfolk. NEC valued our ability to offer a personal, responsive service underpinned by a deep understanding of their business model.
Having dedicated Price Bailey staff aligned with NEC’s account has helped foster a close working relationship. Price Bailey have become an extension of the NEC team—providing continuity, insight, and a professional service that supports NEC’s clients and operations.
Price Bailey has supported NEC from its inception, delivering a comprehensive range of financial services, including:
- Financial services: Company set-up, bookkeeping (including accounts payable, invoicing, bank reconciliations, and VAT returns), and monthly management accounts.
- Financial advice: Compliance support, including preparation of statutory accounts and guidance on accountancy principles.
- Payroll services: Full payroll setup and management, including PAYE registration with HMRC and pension deductions.
Price Bailey’s proactive and responsive approach has helped NEC operate efficiently and effectively, allowing the team to focus on their core mission—supporting sustainable housing development while protecting the environment. NEC would recommend Price Bailey to other organisations seeking expert, responsive, and tailored financial services.
Tom Sayer, General Manager, NEC:
NECs experience of working with Price Bailey has been a very positive, it’s been great working with a proactive and responsive team who we can rely on to keep the company operating in a streamlined and effective way.
Georgina Shaw, Senior Manager, Price Bailey :
Having been with the company from the start, we have established a strong and collaborative relationship with the team at NEC. It has been our privilege to support with its growth and success in a new and evolving market.
Sign up to receive exclusive business insights
Join our community of industry leaders and receive exclusive reports, early event access, and expert advice to stay ahead – all delivered straight to your inbox.
We always recommend that you seek advice from a suitably qualified adviser before taking any action. The information in this article only serves as a guide and no responsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or the firm.