Lloyds Banking Group provides £250,000 funding to three nature restoration projects in England through the ‘Projects for Nature online’ platform
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Private sector funding for nature recovery projects took a major step forward today with Lloyds Banking Group becoming the first organisation to provide funding through the government-developed Projects for Nature platform.
The pioneering online platform has been developed as part of an effort to boost corporate donations from the private sector to create bigger, better, and more joined-up spaces for nature.
Projects for Nature connects businesses and other donors with 25 nature recovery projects across England. Projects on the platform are screened by Defra, Natural England and the Environment Agency, helping to ensure that funding aligns with national and local environmental priorities.
The three projects receiving the £250,000 funding from Lloyds Banking Group through Projects for Nature are:
- Weald to Waves: A project to create a 100-mile nature recovery corridor, connecting over 20,000ha of habitats along 3 main rivers in Sussex to the coast; helping to boost biodiversity, reduce flooding, capture carbon and enhance the rural economy. The land-manager led project aims to offer a blueprint for nature recovery across built-up landscapes.
- Resilient Glenderamackin: One of the largest of its kind, this catchment-based project in Cumbria aims to deliver nature-based solutions to reduce flood risk, restore nature and mitigate climate change. Led by the West Cumbria Rivers Trust, the project will be co-designed with over 40 farmers and land managers to ensure the natural flood management interventions – which include re-wiggling rivers, planting trees and restoring wetlands - work for their businesses, which stretch across 11,000 ha.
- Peak District - Nature Recovery at Dalehead: The National Trust are working with partners and tenant farmers in the High Peak to manage the land in their care for nature, climate, and people. The funding announced today will support the restoration of 2.6km of wetland on a site nestled between the iconic landmarks of Mam Tor and Kinder Scout. It will also enable expansion of the Peak Regenerative Farmers initiative, which includes events, workshops, training and peer-to-peer support to support sustainable businesses that produce quality food alongside nature-friendly farming practices.
Posted On: 13/03/2024
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