A 133-hectare former wheat farm at Halnaker Hill in West Sussex has recorded 5,290 butterflies — including 85 rare small blues and seven dingy skippers never previously seen on the site — just two years after the last harvest. The speed has surprised even the ecologists running the project. The mechanism is straightforward: the land was unproductive for wheat but sits on chalk downland, one of the richest substrates for wildflower biodiversity in Britain. Strip the nutrient-rich topsoil, sow specialist seed mixes, plant hedgerows, dig ponds, and wait. Nature, it turns out, doesn't need much encouragement on chalk. The money comes from biodiversity net gain (BNG) credits. Under rules now mandated for English developers, any new housing estate must deliver a measurable increase in biodiversity — either on-site or by purchasing credits from restoration projects elsewhere. Halnaker Hill is delivering more than 850 BNG units, creating a revenue stream that replaces wheat income and funds the ecological work. This is market-creation, not subsidy. The developer pays; the farm restores; the butterflies arrive. The project sits within the South Downs National Park Authority's broader ReNature programme, which targets 7,700 hectares of land for natural restoration. Independent ecologist Neil Hulme, who surveyed the site, recorded not only butterflies but profusions of skylarks, corn buntings, hobbies, dragonflies, and eight sulphur pearl moths — a highly localised species usually observed in ones and twos. The diversity is striking for land that was sterile monoculture 24 months ago. Hulme's assessment is blunt: "This isn't greenwashing; this is the real deal." He plans to reintroduce the rare Duke of Burgundy butterfly next year and is sowing wild pansies to attract Queen of Spain fritillaries, a migrant species increasingly reaching southern Britain as temperatures rise. The ambition is scaling, not plateauing. The structural question is whether BNG credits can sustain this at scale. The mechanism works when marginal farmland — land that barely pays its way under monoculture — is more valuable as a biodiversity credit generator than as a wheat field. On chalk downland in the South Downs, that math clearly holds. Whether it holds on richer soils, in less picturesque locations, or when credit prices fluctuate, is the test that matters. The extraction risk is real but modest. Developers pass BNG costs to homebuyers, adding a small friction to housing delivery. Critics worry this creates a permission market — pay to pave — rather than genuine conservation integration. But the counterfactual matters: without BNG, this land would still be growing mediocre wheat, and the butterflies would still be absent. Two years is an extraordinary result on chalk. The 20-year question is whether the institutional scaffolding — the credit market, the monitoring regime, the national park coordination — holds together long enough for these restored ecosystems to become self-sustaining. Early signs are strong, but the policy is young and the housing market is volatile.