First of its kind £1.5m nature restoration project to reduce flood risk

Triodos Bank UK has supported an innovative Natural Flood Management (NFM) project that will invest £1.5m to reduce flood risk to communities in Lancashire. This project is the first to use a new green investment financial model, which will see multiple beneficiary organisations repay the upfront investment through the sale of ecosystem services. It is also the first environmental project eligible for Social Investment Tax Relief (SITR). The launch of the project today was attended by Emma Howard Boyd, Chair of the Environment Agency and included a visit to the…

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