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Costa Rica
The eco.business Fund
Department for Environment, Food, and Rural Affairs
The eco.business fund is a public-private partnership investment fund which aims to shift incentives in financial institutions (i.e. Banks) towards investing in nature, by embedding social and environmental risk into investment decisions, catalysing transformational change in the financial sector. The fund will increase lending to businesses which incorporate sustainable practices that contribute to biodiversity conservation, sustainable use of natural resources, climate change mitigation and adaptation to its impact across South America: Ecuador, Costa Rica, Nicaragua, El Salvador, Colombia, Panama, Honduras, Guatemala, Mexico and Peru.
ORRAA Programme
Department for Environment, Food, and Rural Affairs
The Ocean Risk and Resilience Action Alliance (ORRAA) is a multi-sector alliance that aims to drive investment into coastal natural capital through the development of innovative finance solutions. These products will reduce vulnerability and build resilience in the most exposed and vulnerable coastal regions and communities. The UK has committed £13.9 million into ORRAA, delivered in two phases. A successful Phase 1 in 2021-22 provided £1.9m in grant funding, followed by Phase 2 from 2022-2026 with £12m committed in grant funding. The UK’s investment will address 2 challenges faced by coastal communities and the ocean environment: 1) Tackling the impacts of anthropogenic climate change and biodiversity loss. 2) Overcoming barriers that prevent finance flowing into nature-based solutions. The grant awarded to ORRAA will support their aims to drive at least $500 million of investment into coastal and ocean natural capital, and produce at least 50 new, innovative finance products, by 2030. This would positively impact the resilience of 250 million climate vulnerable people in coastal areas worldwide.
Darwin Initiative
Department for Environment, Food, and Rural Affairs
The Darwin Initiative is the UK’s flagship international challenge fund for biodiversity conversation and poverty reduction, established at the Rio Earth Summit in 1992. The Darwin Initiative is a grant scheme working on projects that aim to slow, halt, or reverse the rates of biodiversity loss and degradation, with associated reductions in multidimensional poverty. To date, the Darwin Initiative has awarded more than £195m to over 1,280 projects in 159 countries to enhance the capability and capacity of national and local stakeholders to deliver biodiversity conservation and multidimensional poverty reduction outcomes in low and middle-income countries. More information at https://www.gov.uk/government/groups/the-darwin-initiative. This page contains information about Rounds 27 onwards. For information about Rounds 1 to 26, please see the Darwin Initiative website -https://www.darwininitiative.org.uk/