Ashill Habitat Bank
Project Summary
Ashill is a 37-hectare rural site located in Devon and was acquired by the RSPB to create a habitat bank. This was to help offset the impact of housing expansion in the area on the loss of the cirl bunting, which is a protected farmland bird species under threat. The land acquisition was refinanced with a from Lloyds Bank is being repaid over five years with designated Section 106 funding from Teignbridge District Council. It is one of the first examples of up-front private investment being supported by S106 payments towards a nature-based outcome. The project team was led by the RSPB and Finance Earth, which worked closely with the Teignbridge District Council.