Lloyds plants first one million trees with Woodland Trust

Lloyds Banking Group planted one million trees over the last year as part of its ambition to help finance a green recovery and reduce the impact of climate change across the UK.

Working alongside the Woodland Trust, the 10-year partnership focuses on planting new woodlands, expanding local community volunteering and providing support for the farming and agriculture sector.

The partnership will significantly help towards the reforestation of the UK, increase the UK carbon sink and ultimately improve access to nature for people across the UK.

The partnership also includes the creation of 10 new 'woods within woods' at existing Woodland Trust sites across the UK. For example last year 23,235 trees were planted at the Woodland Trust’s 12.5 hectare Queen Elizabeth Diamond Jubilee Wood in Leicestershire. The rollout of the Woodland Trust Community Tree Pack scheme will also allow people to plant their own trees in areas such as schools and local parks.

As part of Lloyds Banking Group’s overall investment in creating a cleaner, greener UK it will also help farmers and landowners transition to a low carbon future. The National Farmers Union (NFU) has set an ambitious target to reach net-zero by 2040 and we are offering preferential funding offering farmers preferential funding for individual new woodland areas of more than 0.5 hectares.

As well as the trees absorbing carbon from the atmosphere, they also help farmers and landowners to protect their land from flooding and offer habitats for wildlife

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